Question

UOB Kay Hian”, “DBS Bank”, “Fidelity International” and “Phillip Futures”

The main function each of the firms perform in Singapore’s financial market?

Answer 1

UOB Kay Hian

UOB is a leading investment banking firm headquartered in Singapore but has offices across many Asian countries like Indonesia, China, Malaysia, Thailand etc. They are also present in New York and London. The main function that they perform:

• Offer entire suite of investment banking services to their clients such as brokerage services, investment management, wealth management, investment research etc.
• They come up research reports on sectors, industries and companies that provide to their institutional clients. These research reports play a big role in orienting the investors towards equity and debt markets.
• They offer portfolio management, investment management and wealth management. Based on their experience and requirement of the clients, they provide recommendations as to where to invest and how to build up an investment portfolio that is in line with the clients' goals and requirements.
• They also help their clients in trading in capital markets and take positions over short run and long run.

DBS Bank

It is a bank and financial services company. Though head quartered in Singapore, the bank has achieved multinational color as its presence grew to 18 markets. The main functions:

• Offers entire range of personal and corporate banking services to retail customers and institution. Accepts deposit and offers interest to the customers.
• It has its own treasury management team and invest in the economy of the countries they are present in.
• They offer business banking. Their investment banking team helps clients raise funds through debt and equity.The bank provides retail and business loans such as working capital financing, short term financing, line of credit and long term debt.They also offer home loans, credit cards, automobile loans and construction finance.

Fidelity International

• Provides entire gamut of investment management services to their retail and institutional customers
• They provide investment planning services and help their clients choose the right investment decisions that can help them achieve financial goals.
• Subsequently they provide platform to their clients for investment into  mutual funds, pension management and other funds.
• It offers its own funds as well as other manager's funds to its customers for investments.
• Besides, it also offers wide array of wealth management services.

Phillip Futures

• Offers exchange derivative clearing services in futures, options and risk management
• They offer investment research and client brokering services on futures, derivative, foreign exchange, commodities trading.They also offer corporate finance and advisory services to their client