Singapore-based financial services provider Phillips Securities, a member of the PhillipCapital Group, has launched its institutional broking business.
The business aims to expand coverage for institutional investors, offering a suite of services including customised trading solutions, research and analysis, account management and access to global markets.
Additional enhancements are planned for the trading platform to achieve 24-hour coverage for real-time US stock execution.
To oversee electronic trading and the institutional equity business, Phillip Securities has hired Mihai Bistriteanu as a director.
With more than 20 years’ experience in securities markets across stock lending, equity execution and algorithmic trading, Mihai has held senior positions in equity sales and trading at SBI Sec, Credit Suisse and Citigroup in Tokyo and Singapore.
Luke Lim, managing director of Phillip Securities, says: “We are excited to combine our industry knowledge with the unique needs and objectives of institutional investors.”
