RCBC SECURITIES, INC.
COMPANY PROFILE
RCBC Securities, Inc., (RSEC) is the
stockbrokerage unit of Rizal Commercial Banking Corp. (RCBC), the Philippines’
fifth largest private commercial bank and a member of the Yuchengco Group of
Companies. RCBC Securities is a 100%-owned subsidiary of RCBC Capital
Corporation, which in turn is 100%-owned by RCBC.
The company was established in August 1973 as
Pacific Basin Securities Company, Inc., and changed its name to RCBC
Securities, Inc. on July 20, 1995. It is engaged in the trading of listed
securities, both through traditional means and on-line, and in providing free
corporate and market research.
Strong Points
•
Long track record of operations.
RSEC has been in the stockbrokerage business
for almost four decades, having started in 1973.
In 1998, RSEC completed the full computerization of its backroom operations.
In 1999, RSEC became the first bank-owned stockbrokerage in the Philippines to offer an online stock trading service. The service, called RCBC eztrade, allowed clients the convenience to post buying and selling orders on their own at the lowest possible commission rate. To market the facility, RSEC partnered with the Philippine Stock Exchange Education committee in conducting stock market seminars for small investors from 1999 to 2001.
•
Support from RCBC Capital, Rizal Commercial Banking Corp. and
the Yuchengco Group of Companies (YGC)
RCBC Securities is a 100%-owned subsidiary of RCBC Capital Corporation, which in turn is 100%-owned by RCBC.
Parent company RCBC Capital Corporation was established in
1974 originally as Philippine Pacific Capital Corporation. It is engaged in the
underwriting of debt and equity securities, treasury operations, financial
advisory and consultancy services, project financing and stock market services.
Ultimate parent Rizal Commercial Banking Corp. was
established by Ambassador Alfonso T. Yuchengco in 1960 and has become the fifth
largest private universal bank in the Philippines with $7.85bn in resources as
of end-2011 and a market capitalization of $1.2billion.
The bank obtained central bank authority to operate as an
expanded commercial bank in 1989, allowing it to engage in non-allied
businesses.
Significant equity investors include the World Bank’s
International Finance Corporation, as well as CVC Capital Partners, one of the
world’s largest private equity funds.
Meanwhile, RCBC is part of the Yuchengco Group of Companies, which include under its umbrella diverse business interests such as insurance, education, property leasing & management, construction, geothermal power generation and oil mining.
•
Ranking and financial condition
In 2011, RCBC Securities, Inc. ranked 19th out of 184 brokers in terms of value of shares traded, with transactions amounting to Php39.18bn ($904.6mn).
The company’s stockholders’ equity stands at Php400mn
($9.5mn), making it one of the highest-capitalized stockbrokerage firms in the
country.
•
Experienced management team
RSEC’s management team consists of investment banking and stockbroking professionals, each with at least 20 years of industry experience. .
Board of
Directors
|
Key Officers
|
Chairman
|
Raul M. Leopando
|
President
|
Michael A. Singson
|
Directors
|
Mike A. Singson
|
Corporate
Secretary
|
Atty. Samuel V. Torres
|
|
Jose Luis F. Gomez
|
VP-Head of Operations & Chief Finance Officer
|
Diosdado C. Salang,
Jr.
|
|
Eduardo S, Lopez Jr.
|
VP-Head
of Research
|
Raul P. Ruiz
|
|
Atty. Carmen
Ernestine Jo D.
Villareal
Fernando
|
AVP-Compliance Officer/Associated Person/Risk
Control Officer |
Ethel M. Gomez
|
|
|
AVP-Equity Sales |
Lourdes Celestial G. Dipasupil
|
· Company Vision
To be the
preferred securities brokerage house in the Philippines with the support of
Rizal Commercial Banking Corporation and the Yuchengco Group of Companies. .
· Company Mission
RCBC
Securities shall put the interest of its customers first by providing superior
service.
RCBC
Securities shall strive towards excellence and maintain conservative policies
upholding honesty, integrity and diligence, thereby contributing to the
nation’s capital markets development..
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