OCBC integrates stockbroking subsidiaries to Global Markets division

The bank expects to develop “more holistic” wealth propositions for its HNW customers.

OCBC is integrating its securities business under its stockbroking subsidiaries into its Global Markets division by 1 July 2025.

These are OCBC Securities Pte Ltd (OSPL), OCBC Securities Brokerage (Hong Kong) Limited (OSBHK) and PT OCBC Sekuritas  (Indonesia) (PTOS).

In a statement, the Singaporean bank said that it seeks to “better leverage its strong securities capabilities to serve a wider spectrum of customer segments across the group.”

The bank expects integration to enable it to develop more holistic wealth propositions for high net worth segments, entrenching its leading wealth management position.

OCBC also expects to unlock opportunities in the institutional equities space.  

All existing staff will continue to serve in their current roles, and OCBC expects no impact to customers.

Retail brokerage has reportedly been the key revenue driver of OCBC’s securities business – OSPL ranks as a top three retail stockbroker in Singapore by trading volume over the past ten years, according to OCBC.

Mr Kenneth Lai, Head of Global Markets, will oversee the securities business as part of the enlarged division. Lai will also be appointed Chairman of OSPL’s Board.

Wilson He will continue as Managing Director of OSPL, reporting to Lai following the integration.

OCBC plans to add more talents to the team.

“Collectively, Global Markets will then have centralised, end-to-end oversight over the entire suite of financial  markets products – equities, FX, rates and credit,” OCBC stated.