Haitong boosts Apac operations with India acquisition

Haitong Securities nameplate 230px
By Shruti Chaturvedi
10 Nov 2016

Haitong International Securities Group will bring Haitong Securities India under its umbrella by acquiring the unit from its Portuguese affiliate. The move is part of the Hong Kong-based broker’s efforts to position itself as a boutique investment bank in Asia Pacific.

Haitong India used to sit under Haitong Bank, a Portuguese investment bank formerly known as Banco Espírito Santo de Investimento, which caters to clients in Europe, the Americas, India and Africa, besides Asia.

Following the transfer, Haitong India will become an indirect, wholly-owned subsidiary of Haitong International. The ...

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