UOB Kay Hian betting on scale and depth

Singapore

AT a time when the traditional retail broking business using self-employed remisiers has been on the decline - with retail investors going for self-directed online trading - UOB Kay Hian is betting on size and depth as it moves confidently ahead in its evolution.

Its recent willingness to adopt 100-odd remisiers from DBS Vickers Securities certainly raised many eyebrows. But the acceptance of the group of remisiers - and not just the top-performers - from a rival brokerage is part of its strategy to boost the scale and depth of services it can offer.

Esmond Choo, UOB Kay Hian's senior executive director, said: "This business is all about size and depth.

"The adoption of DBS Vickers' remisiers' business will improve our scale in Singapore. With scal…