BCG adds new Bangkok-based brokerage to its PFS offering
From Asia Feb 8 2012 BY: Simon Danaher
, Online News Editor
, International Adviser
Business Class Group (BCG), the owner of several Asia-based financial services companies, including Platinum Financial Services in Bangkok, has added another brokerage to its ranks.
Chief executive Mark Kirkham said the company purchased a Bangkok-based brokerage at the end of last year, which will fall under its PFS brand.
The new office adds to PFS’s existing Bangkok office and its representative offices in Shanghai and Moscow, the latter of which was opened in July last year.
In addition to PFS, BCG uses four other brands to sell into different parts of Asia.
These include its three “Lifestyle” (LFS) brands – Lifestyle Property, Lifestyle Insurance and Lifestyle Brokers Ltd – and Business Group Asia.
As well as its most recent purchase, Kirkham said the company had also opened a new office, representing its LFS brand, in the Malaysian capital, Kuala Lumpur.
The firm’s acquisitions bring the total number of brokers at the company to 50, with support staff of 15 and assets under administration of £80m ($125m).
Kirkham, who serves as vice-chairman of the Independent Financial Advisors Association in Hong Kong, said the company also plans to expand its China operations, launch in Indonesia and add further “satellite” operations in Thailand.
“BCG is a young, dynamic and growing business with plans to expand into many other regions in the future,” he added.