SB Capital Investment Corp., the investment banking arm of the Security Bank group, said it will venture into merger and acquisition advisory services in partnership with the Bank of Ayudhya (Krungsri) of Thailand.
The company likewise will launch a debt capital market business in partnership with Mitsubishi’s MUFG Securities Asia (MUS Asia).
SB Capital in a statement over the weekend said this will allow the company to “capture cross-border M&A opportunities” both for local and overseas clients.
Virgilio Chua, SB Capital president, said under the agreement with the two banks, the company in particular will provide the service to local clients looking to explore offshore opportunities in the countries where MUFG and Krungsri are present.
“Security Bank continues to leverage its partnerships to increase its global reach and capability in the financial services industry. We are confident that these agreements will further client interests, especially as we move forward to a post-pandemic era,” said Takashi Takeuchi, Security Bank executive vice president.
“The agreements between SB Capital and its international partners demonstrate the bank’s focus on customer-centricity as these strengthen opportunities for both our customers,” added Chua.
MUFG is the largest financial institution in Japan and has a 20 percent stake in Security Bank. Krungsri is Thailand’s fifth largest bank and is a partner of Security Bank through MUFG.
