Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


Barclays sets up Taiwan subsidiary, to offer brokerage services

SINGAPORE (Reuters) – British bank Barclays Plc said on Wednesday it had received approval from Taiwanese authorities to set up a subsidiary, providing brokerage and underwriting services to its global and Taiwanese corporate and institutional clients.

Through the establishment of its wholly-owned subsidiary, Barclays Securities Taiwan Ltd, the company said in a statement that it aims to leverage its global corporate and investment bank’s expertise and footprint to offer clients access to key regional and global capital markets, as well as cross-border investment opportunities.

“The build out of our platform in Taiwan demonstrates our commitment to growing our Asia Pacific franchise,” said Jaideep Khanna, head of Barclays, Asia Pacific.

The subsidiary is expected to be fully operational in the third quarter of this year, subject to obtaining the relevant licensing approval.

It will be led by Shella Wang, currently the head of macro distribution, North Asia, who has also been appointed as the subsidiary’s chairman, Barclays said.

In January, DBS Group, Southeast Asia’s largest bank by assets, agreed to pay S$956 million ($687 million) for Citigroup’s consumer business in Taiwan as the Singapore lender shores up regional acquisitions to power growth.

($1 = 1.3916 Singapore dollars)


(Reporting by Anshuman Daga, Editing by Louise Heavens)

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts