Alliance Bank seals sale of stockbroking business to Phillip Futures

KUALA LUMPUR (Dec 2): Alliance Bank Malaysia Bhd is disposing of its stockbroking business to stockbroking firm Phillip Futures Sdn Bhd, as part of the banking group’s strategic plan to re-prioritise its businesses to accelerate growth in its consumer, small- and medium-sized enterprise (SME) and Islamic banking businesses.

Earlier in November, the Securities Commission Malaysia had granted…

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