PhillipCapital explained
| PhillipCapital |
| Type: | Private |
| Industry: | Financial services |
| Founded: | 1975 |
| Founder: | Lim Hua Min |
| Hq Location Country: | Singapore |
| Num Locations: | 15 countries |
| Num Locations Year: | Australia, Cambodia, China including Hong Kong SAR, India, Indonesia, Japan, Malaysia, Singapore, Spain, Thailand, Turkey, UK, UAE, USA and Vietnam |
| Areas Served: | --> |
| Key People: | Luke Lim (MD of Phillip Securities)
Linus Lim (CEO of Phillip Capital Management)
Teyu Che Chern (CEO of Phillip Nova) |
| Products: | POEMS |
| Subsid: | Phillip Securities |
PhillipCapital is an investment and wealth management firm,[1] [2] founded in 1975. It offers a wide range of products and services to individuals and institutional clients. It is headquartered in Singapore and operates in 15 countries including the financial hubs of Chicago, London, Tokyo, Hong Kong and Singapore.[3] PhillipCapital has more than US$35 billion in assets under management.[4] It manages retail and high net worth individuals, family offices, corporate and institutional customers.[4]
History
PhillipCapital was founded as a brokerage firm in 1975.[3] [5] In 1996, it introduced the first Internet trading platform in Singapore, POEMS.[3] The platform has trading access to many other exchanges.[6]
In August 2014, PhillipCapital Group bought Hwang-DBS Commercial Bank in Cambodia for US$ 40 million and rebranded it as Phillip Bank. It is the third-largest commercial bank branch network in Cambodia, after the National Bank of Cambodia and Ministry of Commerce (MoC) approved the merger between Phillip Bank Plc and Kredit MFI in 2020.[7] [8] [9]
In June 2020, the Australian arm of PhillipCapital Group was acquired by Sequoia Wealth Management.[10]
In June 2022, PhillipCapital co-lead the financing round for Singapore-based fintech Helicap.[11]
Awards and recognition
- PhillipCapital was named Best Retail Broker at the Sias 18th Investors' Choice Awards by the Securities Investors Association (Singapore) in 2017.[12]
- The company's founder Lim Hua Min was named Businessman of the Year at the 2018 Singapore Business Awards in April 2018.[3]
- PhillipCapital UAE won the MENA Fund Manager Services Award in 2018.[13]
- In September 2019, it won the Best Retail Broker Award at the Securities Investors' Association of Singapore's (Sias) Investors' Choice Awards 2019.[14]
See also
Notes and References
- News: Meixian . Lee . PhillipCapital sets sights on new growth areas, diversification . . January 20, 2020.
- News: Deva . Pranati . Phillip Capital expects this merged firm to break into the top-5 IT companies in 2 years . . June 19, 2020.
- News: PhillipCapital chairman named Businessman of the Year . . April 26, 2018.
- News: Malaysia's RHB Sells Singapore Stockbroking Business . Finews News . June 30, 2020.
- Book: Voon . Alan . Trading The China Market with American Depository Receipts How to Play Greater China with a Winning Edge . 2012 . . 9781118316023 . 62 .
- Web site: Global Access to 55 Exchanges in 31 countries . poems.com.sg.
- News: Singapore's Phillip Capital acquires Malaysian-owned Cambodian bank . . . August 28, 2014.
- News: Phillip bank gets final approval to merge . . February 3, 2020.
- News: Senase . T. . Rodriguez . Jose . Phillip Bank: Bigger and better with digital transformation . . August 11, 2020.
- News: Simpkins . Sarah . PhillipCapital exits Aus retail advice . . June 3, 2020.
- Web site: Staff . TechNode Global . 2022-06-22 . Singapore's Helicap raises $5M from Tikehau Capital and PhillipCapital . 2023-01-12 . TechNode Global . en-US.
- News: Tan . Lorna . PhillipCapital upbeat on market going forward . . October 8, 2017.
- Web site: MENA Fund Manager Services Awards 2019 . Qwoted.com.
- News: Shiao . Vivien . Lai . Leila . BT journalists win big at Sias awards; DBS, CapitaLand Group lead the way in corporate governance . . September 26, 2019.
