BNP Paribas in Singapore News & Press
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November 29, 2010 -

Finansia Syrus & ACL Securities Sign Cooperation Agreement with BNP Paribas Securities

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Finansia Syrus Securities Public Company Limited (FSS) and BNP Paribas Securities (Singapore) Pte Ltd jointly announced today that they have signed a Cooperation Agreement, together with Finansia’s majority-owned subsidiary, ACL Securities Co., Ltd. (ACLS). The Cooperation Agreement covers the establishment of institutional research, sales and dealing teams in ACLS to support institutional clients of BNP Paribas trading on the Stock Exchange of Thailand (SET) and Thailand Futures Exchange (TFEX). ACLS would also provide Direct Market Access or DMA trading services to BNP Paribas clients.

Thailand represents an integral element of BNP Paribas’ research and trading strategy for the ASEAN region. “This Cooperation Agreement with Finansia and ACL demonstrates our commitment and determination to build a balanced Asia Pacific equities and derivatives platform,” said Pierre Rousseau, Head of Global Equities and Commodity Derivatives for BNP Paribas, Asia Pacific.

ACLS is an 89 percent owned subsidiary of FSS and has shareholder equity of Baht 473 million as of 30 June 2010. It has 4 securities licenses and is a full member of both the SET and TFEX. FSS is a major retail broker with a 4.9% market share and ranks 5th of all securities brokers for October 2010. FSS has positioned itself as a retail brokerage specialist as over 90 percent of its business derives from local retail clients, while ACLS, in cooperation with BNP Paribas Securities, will focus exclusively on institutional clients. This market segmentation will reinforce a “Chinese wall” separation between the two business categories of FSS.

About Finansia Syrus Securities PCL. and ACL Securities Co. Ltd.
Finansia Syrus Securities Public Company Limited (“FSS”) is a leading local stock and derivative broker in Thailand. It is established as a result of a 3 way merger of Finansa Securities, Syrus Securities, and ACL Securities in 2009. As a result of the consolidation, ACL Securities became an 89-percent owned subsidiary of FSS. Industrial and Commercial Bank of China (Thai) Public Company Limited and Finansa Public Company Limited are the largest shareholders in FSS with 24.51 and 19.60 percent interests respectively.

About BNP Paribas Global Equities and Commodity Derivatives
BNP Paribas (rated AA/Aa1) is a European leader in banking and financial services, and is one of the 6 strongest banks in the world according to Standard & Poor’s. BNP Paribas Global Equities and Commodity Derivatives combines the expertise of three different yet complimentary businesses: Equity Derivatives, Commodity Derivatives and Securities Asia.

Equity Derivatives provides a full range of equity and fund-linked products that can be customised to address the various needs of financial institutions and hedge funds as well as corporate and retail clients. BNP Paribas is a market leader in Equity Derivatives. Our unique quantitative skills for advanced product design combined with our established leadership allow us to work in partnership with clients and deliver the most appropriate solutions for any market context.

Securities Asia offers institutional clients a comprehensive range of research, execution, and distribution services in Asian equity products and their derivatives. Combining its in-depth experience in Asian markets with a modern, high-performance execution platform, BNP Paribas Securities Asia offers a full range of attractive and creative investment products as well as the ability to optimise hedging of a variety of risks inherent to market transactions.

Commodity Derivatives incorporates a futures business as well as an over the counter (OTC) business. With over 170 front office staff positioned across 6 platforms globally, BNP Paribas Commodity Derivatives offers clients coverage of all traditional industrial commodities across energy and metals as well as new markets such as emissions, freight and plastics.

Press Contacts

Finansia Syrus Securities
Kanokporn Khumsa-ang: +66 2660 5426 / kanokpornk@fnsyrus.com

BNP Paribas
Yunis Lee : +65 6210 1038 / yunis.lee@asia.bnpparibas.com
Clara Goh : +65 6210 1290 / clara.goh@asia.bnpparibas.com