Phillip Futures to offer stockbroking services

File pic shows hillip Futures Sdn Bhd executive director Lam Choon Jin (left) and Phillip Capital Malaysia Group managing director Andy Lim with the awards won at The Bursa Excellence Awards 2018

KUALA LUMPUR: PhillipCapital Group has announced that its derivatives broking arm in Malaysia, Phillip Futures Sdn Bhd has entered into a business sale and purchase agreement with Alliance Investment Bank Bhd for the purchase of the bank’s stockbroking business.

This corporate exercise has received conditional approval from Bank Negara and the Securities Commission.