Singapore 2nd Largest Bank OCBC Integrates 3 Securities Businesses in Singapore, Hong Kong & Indonesia into OCBC Global Markets Division (1/7/25) to Develop More Holistic Wealth Propositions for HNW Segments & Opportunities in Institutional Equities, Head of Global Markets Kenneth Lai Will Oversee the 3 Integrated Securities Businesses with Global Markets Covering Full Suite of Products in Equities, FX, Rates & Credit, 3 Securities Businesses are OCBC Securities, OCBC Securities Brokerage (Hong Kong) & PT OCBC Sekuritas (Indonesia)
15th May 2025 | Hong Kong
Singapore 2nd largest bank OCBC has announced to integrate 3 securities businesses in Singapore, Hong Kong & Indonesia into OCBC Global Markets Division (1/7/25) to develop more holistic wealth propositions for HNW segments & opportunities in institutional equities. OCBC Head of Global Markets Kenneth Lai will oversee the 3 integrated securities businesses with Global Markets covering full suite of products in equities, FX, rates & credit. The 3 securities businesses are OCBC Securities, OCBC Securities Brokerage (Hong Kong) & PT OCBC Sekuritas (Indonesia). OCBC (14/5/25): “OCBC will integrate its securities business under stockbroking subsidiaries, OCBC Securities Pte Ltd (OSPL), OCBC Securities Brokerage (Hong Kong) Limited (OSBHK) and PT OCBC Sekuritas (Indonesia) (PTOS) into the bank’s Global Markets division on 1 July 2025. This strategic move seeks to better leverage its strong securities capabilities to serve a wider spectrum of customer segments across the Group. All existing staff will continue to serve in their current roles with no impact to customers … … Retail brokerage has been the key revenue driver of the securities business – OSPL ranks as a top three retail stockbroker in Singapore by trading volume over the past ten years. As part of a product group, the integration enables OCBC to develop more holistic wealth propositions for high net worth segments, entrenching its leading wealth management position. OCBC will also be able to unlock opportunities in the institutional equities space. Mr Kenneth Lai, Head of Global Markets, will oversee the securities business as part of the enlarged division. Mr Lai will also be appointed Chairman of OSPL’s Board. Mr Wilson He will continue as Managing Director of OSPL, reporting to Mr Lai following the integration. More talents will be added to the team. Collectively, Global Markets will then have centralised, end-to-end oversight over the entire suite of financial markets products – equities, FX, rates and credit. With the move to the segment-agnostic Global Markets division, a concerted effort will be made to enhance institutional-grade capabilities. This will enable OCBC to play a strong role in primary equity markets origination and to better serve its extensive wholesale banking client base including corporates, hedge funds, real money funds and financial intermediaries. Bank of Singapore’s clients, including Family Offices, will also be better supported on their more complex wealth needs. This move is timely as OCBC expects interest in Asia’s equity markets to grow. In Singapore, investor interest has been sparked by a S$5 billion programme announced by Monetary Authority of Singapore (MAS) in February 2025 to boost Singapore Exchange (SGX)-listed stocks. Hong Kong continues to be a major wealth hub and gateway for capital markets access into Greater China. Investors, especially institutional investors have also shown interest in gaining access to Indonesia markets given its long-term potential. Customers will be able to trade as per normal following the integration. In Singapore, retail customers will continue to be supported by their existing trading representatives (dealers or remisiers), and trading on iOCBC, OCBC Securities’ online and mobile trading platform, will not be impacted. Customers in Hong Kong and Indonesia will likewise be unaffected and will continue to be serviced through OCBC Securities Brokerage (Hong Kong) Limited and PT OCBC Sekuritas Indonesia respectively.”
“ Singapore 2nd Largest Bank OCBC Integrates 3 Securities Businesses in Singapore, Hong Kong & Indonesia into OCBC Global Markets Division (1/7/25) to Develop More Holistic Wealth Propositions for HNW Segments & Opportunities in Institutional Equities, Head of Global Markets Kenneth Lai Will Oversee the 3 Integrated Securities Businesses with Global Markets Covering Full Suite of Products in Equities, FX, Rates & Credit, 3 Securities Businesses are OCBC Securities, OCBC Securities Brokerage (Hong Kong) & PT OCBC Sekuritas (Indonesia) “
Helen Wong, Group CEO of OCBC: “As a leading wealth management player in the region, we have been offering equities as a main asset class for many years under our securities businesses. We have leveraged our three securities licences in Singapore, Hong Kong and Indonesia effectively over the years to support our customers, especially in the retail segment. Given the many opportunities that Asia presents, we see even more potential that can be unlocked from our securities businesses, especially in the institutional equities and high net worth client spaces. That’s why this move to the product group, Global Markets, is strategic. Our corporate, commercial and Bank of Singapore clients, will benefit from more institutional-grade capabilities, which will be progressively introduced to meet their needs. We will continue to optimise our One Group capabilities to support our customers comprehensively.”
Singapore 2nd Largest Bank OCBC Integrates 3 Securities Businesses in Singapore, Hong Kong & Indonesia into OCBC Global Markets Division (1/7/25) to Develop More Holistic Wealth Propositions for HNW Segments & Opportunities in Institutional Equities, Head of Global Markets Kenneth Lai Will Oversee the 3 Integrated Securities Businesses with Global Markets Covering Full Suite of Products in Equities, FX, Rates & Credit, 3 Securities Businesses are OCBC Securities, OCBC Securities Brokerage (Hong Kong) & PT OCBC Sekuritas (Indonesia)
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