[Edaily Reporter Park Jeong-soo] #Mirae Asset Securities announced on the 8th that it has signed an agreement with Singapore-based brokerage firm UOB Kay Hian to provide Foreign Investor Omnibus Account services and is launching the service in earnest.
This service was spearheaded by Mirae Asset Securities’ Singapore subsidiary through consultations with local securities firms and is expected to contribute to expanding access to the domestic stock market for investors in Singapore and the broader Southeast Asian region.
UOB Kay Hian is the securities subsidiary of UOB-Kay Hian Holdings Limited (U10), which is listed on the Singapore Exchange (SGX). It is one of Singapore’s leading securities firms, boasting a market capitalization of approximately 4 trillion won (4 billion SGD) and the capability to serve multinational clients.
With its headquarters in Singapore, the firm has established a network across Greater China and the ASEAN region. Building on over 100 years of experience, it maintains a solid foothold in the Southeast Asian brokerage and wealth management (WM) sectors. Furthermore, it provides comprehensive financial services based on its broad customer base, excellent trade execution capabilities, and competitive custody and customer service.
In addition to this agreement, Mirae Asset Securities is pursuing collaborations with multiple overseas securities firms regarding integrated foreign investor account services.
An official from Mirae Asset Securities stated, “We are continuously expanding our collaboration with overseas financial institutions to enhance global investors’ access to the Korean stock market,” adding, “We will continue to provide a more convenient investment environment based on our global network and digital infrastructure.”
Meanwhile, Mirae Asset Securities is set to launch its Hong Kong Mobile Trading System (MTS) this month and is also in the process of acquiring a U.S. securities firm. Through these initiatives, the company plans to improve global investors’ access to the domestic stock market while accelerating the expansion of its overseas network and strengthening related infrastructure.