Religare Capital Markets Ltd, an investment banking arm of the diversified financial services group Religare Enterprises Ltd, has signed a memorandum of understanding (MoU) with Thailand-based Trinity Securities to drive its presence in Thailand through advisory, execution and investment banking services, the company said.
“Together with Religare, Trinity can now expand its footprint into a more international client base, and better leverage our independent local knowledge of the Thai market,” said Khun Sukit Bejrsuwana, executive director of Trinity.
Thailand Stock Exchange-listed Trinity is led by Khun Pakhawat Kovithvathanaphong who is also a founder of the firm. It offers securities brokerage, securities trading, investment advisory, securities underwriting, securities borrowings and lending, private fund asset management, financial advisory and investment banking.
“Trinity’s strength and local knowledge in the Thai market is unparalleled, and will help us gain a deeper understanding of localised investment trends. We aim to continue to build on our strength and specialisation in the ASEAN mid cap segment,” said Matthew Lutter, head – ASEAN Equities, Religare Capital Markets.
Founded in 2006, Religare Capital Markets provides financial advisory services and focuses on Asian emerging markets. It is present in six countries in Asia-Pacific, as well as London and Dubai. Religare Capital Markets is empanelled by over 450 institutional investors and has an active coverage of over 250 stocks across 16 sectors.
In April this year, the company formed a joint venture with FSG Capital, Philippines for providing investment banking and ECM services.
Currently, it is exploring growth initiatives in Bangladesh, Vietnam and Myanmar.