Syrus makes expansion move

ข่าวเศรษฐกิจ Friday August 22, 2008 09:43 —PRESS RELEASE LOCAL

Bangkok--22 Aug--Syrus Securities Syrus Securities Public Company Limited (“Syrus”) has entered into an agreement to acquire the entire retail broking business of TMB Macquarie Securities (Thailand) Limited (“TMBM”) following TMBM’s decision to concentrate exclusively on its core institutional and corporate businesses. The purchase includes the transfer of management, marketing officers, and other staff, totaling approximately 50 people, to Syrus. “This is another key step in Syrus’s plan to develop its business to deliver greater value to its customers and shareholders. We expect the handover to be completed by the end of September and that it will increase Syrus’s market share by approximately 30%.” Said Mr. Chatchaval Jiaravanon, Chairman of Syrus Securities Plc. “This is one of a number of moves that we have been considering in order to grow our company. Our combined teams are all very excited about the prospects ahead to develop Syrus into a premium securities house.” He added “I am delighted to be joining Syrus and to help the company grow its retail broking business” added Mrs. Pornpring Suksantisuwan, currently Managing Director of TMBM, and a future President of Syrus. Syrus Securities is a member of the Stock Exchange of Thailand and was listed in 2004. For further information contact: Syrus Securities Plc. Ms.Pravitra Uttamayan Tel: 02 646 9974

แท็ก marketing   thailand   Bangkok   TOT  

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