PhillipCapital Malaysia sees shareholders’ funds growing

Stronger sales will push its shareholders’ funds from RM1.1 billion at the start of 2012 to RM1.5 billion to date, says PhillipCapital Malaysia.

PhillipCapital Malaysia sees its shareholders’ funds growing from RM1.1 billion at the start of 2012 to RM1.5 billion to date.

Group managing director Andy Lim Say Kiat said that by year-end, the company expected its total shareholders’ funds to surpass RM2 billion.

The group has a growing number of sales agents offering comprehensive financial planning services to clients, he revealed.

PhillipCapital is an alliance of independent companies both in and outside Singapore who together offer financial services to retail, corporate and institutional customers.

The company’s members have extensive branch network with more than 3,200 staff in Asia and Europe with total shareholders’ funds in excess of US$1 billion.

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