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UOB Kay Hian

Stock Chart
Last Done 1.150
Change - (-)
Volume 23.3
Range 1.140 - 1.150


Stock Chart
Last Done 19.810
Change +0.340 (+1.75%)
Volume 3,217.1
Range 19.540 - 19.830

Related News

DBS Vickers remisiers, UOB Kay Hian tie knot after marathon courtship

20 Sep 2019 09:00

By Angela Tan

AFTER marathon talks over seven to eight months involving several broking firms, heavyweight remisiers at DBS Vickers Securities have finally brokered a deal with UOB Kay Hian.

Under the deal, the remisiers and their colleagues - who have become friends over decades - totalling about 100, will have a new home by late October at UOB Kay Hian, one of Asia's largest brokerages, which is backed by the UOB Group.

Though clients brought in by remisiers legally belong to the house, DBS Vickers nevertheless agreed to transfer its offline retail securities brokerage business to UOB Kay Hian by the completion date on Oct 28, 2019. Hybrid clients, using online and offline services, will be given an option to continue with the bank or follow their remisiers.

After the transfer is completed, UOB Kay Hian will have about 800 dealers and remisiers in Singapore, making it the largest brokerage here. As of June, UOB Kay Hian has 2,000 dealers and remisiers on a group basis, including those at its overseas units.

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Source: Business Times

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