RHB Investment Bank expands Singapore operations with acquisition of DMG & Partners
The company has been rebranded as RHB Securities Singapore.
RHB Investment Bank had expanded its Singapore operations with its acquisition of the remaining interest in DMG & Partners Securities.
RHB signed a conditional share purchase agreement with DAPH late last year to acquire the latter’s remaining 49% equity interest in DMG.
This transaction follows the successful business merger between RHB Investment Bank and OSK Investment Bank in April 2013, during which the 51% stake held by OSK Investment Bank in DMG was transferred to RHB Investment Bank.
The company has been rebranded as RHB Securities Singapore Pte Ltd with immediate effect.