Singapore-based PhillipCapital Group has launched an institutional brokerage business and hired a 20-year financial vet to support the expansion.
Phillip Securities, a member of PhillipCapital Group, has hired Mihai Bistriteanu as a director to oversee the firm’s electronic trading and institutional equity business, according to a statement.
Bistriteanu has over 20 years of experience in securities markets across stock lending, equity execution and algorithmic trading. Previously, he held senior positions in equity sales and trading at SBI Sec, Credit Suisse and Citigroup in Tokyo and Singapore.
Insti Brokerage
The hire coincides with the launch of Phillip Securities’ institutional broking business. The new business will include a broad range of services including customized trading solutions, research and analysis, dedicated account management, access to global markets as well as ETF unit creation and liquidity programs.
«The launch of our institutional broking business reflects our unwavering commitment to delivering exceptional financial services to institutional clients. We are excited to combine our extensive industry knowledge with the unique needs and objectives of institutional investors,» said Phillip Securities managing director Luke Lim.
PhillipCapital is a Singapore-based stockbroker established in 1975. Today, it has a presence in 15 countries, including Australia, Cambodia, China, India, Indonesia, Japan, Malaysia, Singapore, Spain, Thailand, Turkey, UK, UAE, USA and Vietnam, serving over 1 million clients with assets under management of more than $35 Billion.
