OCBC is set to integrate its securities business, including subsidiaries OCBC Securities Pte Ltd, OCBC Securities Brokerage (Hong Kong) Limited, and PT OCBC Sekuritas (Indonesia), into its Global Markets division on 1 July 2025. This strategic move is designed to leverage the bank’s securities capabilities to better serve a wider range of customer segments. The integration will not affect existing staff or customer services.
The integration aims to strengthen OCBC’s position in wealth management, particularly for high net worth clients, and to explore opportunities in institutional equities. Kenneth Lai, Head of Global Markets, will oversee the securities business and become Chairman of OCBC Securities’ Board. Wilson He will continue as Managing Director of OCBC Securities, reporting to Lai.
OCBC’s retail brokerage has been a significant revenue driver, with OCBC Securities ranking as a top three retail stockbroker in Singapore by trading volume over the past decade. The integration will allow OCBC to offer more comprehensive wealth solutions and enhance its institutional-grade capabilities, benefiting clients such as corporates, hedge funds, and financial intermediaries.
The move comes as interest in Asia’s equity markets grows, spurred by initiatives like the Monetary Authority of Singapore’s S$5 billion programme to boost Singapore Exchange-listed stocks. Helen Wong, Group CEO of OCBC, emphasised the strategic nature of the integration, noting the potential to unlock further opportunities in institutional equities and high net worth client spaces.
Following the integration, customers will continue trading as usual, with no changes to their existing services or platforms.
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