The stockbrokerage arm of Rizal Commercial Banking Corp. (RCBC) and a Japanese securities firm have forged a business partnership that is expected to serve as Japanese investors’ access to the Philippine stock market.
RCBC Securities Inc. announced recently that it has signed a memorandum of understanding with Okasan Securities Co. Ltd., the flagship company of the Okasan Securities Group Inc. in Japan.
This tie-up, according to RCBC Securities, aims to cater to the growing interest in Philippine equities among Japanese institutional investors.
“[This partnership] will provide Japanese investors access to Philippine stock investment opportunities,” the brokerage firm further said.
The business partnership of RCBC Securities with Okasan Securities is also seen to further solidify the long-standing relationship between the Philippines and Japan.
RCBC Securities is one of the highest capitalized stockbrokerage firms in the Philippines, with shareholders’ equity amounting to over P500 million.
Founded in Tokyo, Japan, Okasan Securities also provides securities brokerage services.
In an effort to grow its Asian securities business, Okasan Securities Co. has also formed business tie-ups with partner-brokers from China, Singapore, Malaysia, Indonesia and South Korea over the years.