Phatra Securities Public Company Limited is one of the leading securities companies in Thailand with respect to investment banking business and the provision of brokerage services to institutional clients, having secured approximately 10.0% market share of institutional clients. The Company provides a broad range of financial services. Historically, the Company was the securities business department of Phatra Thanakit, which became a member of the SET as a broker No. 6 in 1974. In 1997, the government declared a policy of separating finance and securities businesses, and as a result, the Company was established as a separate entity in the form of a private company to carry on securities business on September 17, 1997, under the name of "Phatra Securities Company Limited", with an initial registered capital, which was fully paid up, of Baht 2,500.0 million. At that time, Phatra Thanakit Finance Public Company Limited, a subsidiary of KASIKORNBANK Public Company Limited, held 99.9% of the Company’s shares.
In 1998, Phatra Thanakit Finance Public Company Limited sold 49.0% of the Company's shares to KASIKORNBANK Public Company Limited, which then held the Company’s shares directly and the remaining 51.0% to Merrill Lynch, following which the Company was named "Merrill Lynch Phatra Securities Company Limited". In December 2003, KASIKORNBANK Public Company Limited and Merrill Lynch sold their respective shareholdings in the Company to a group of management and employees of the Company and the Company changed its name back to its original name of "Phatra Securities Company Limited". Despite the sale of its shareholding in the Company, Merrill Lynch has maintained a contractual relationship with the Company under the Business Service Agreement and Research Co-operation Agreement to maintain the existing strategic alliance.
The Company is licensed by the Ministry of Finance to carry out five types of securities businesses, namely securities brokerage, securities dealing, underwriting, investment advisory and securities lending and borrowing businesses. The Company has also obtained approval from the SEC to act as a financial advisor and unit trusts sales supporting agent. At present, the Company operates three core businesses, which are as follows:
Securities Brokerage
Equities
Fixed income
Mutual funds
Investment Banking
Securities underwriting
Financial Advisory Service, including:
- Mergers and acquisitions
- Strategic investors and business partners
- Corporate restructuring
- Debt restructuring/reorganizations
- Project financing
- Advisory services and advice relating to financial instruments
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