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PhillipCapital sets sights on new growth areas, diversification

Its aspirational entry into digital banking by teaming up with two other firms is part of continuing efforts to 'move with the times'.

Linus Lim (left), co-chief investment officer of PhillipCapital, and Luke Lim, executive director, Phillip Securities.PhillipCapital has assets under custody and management in excess of US$35 billion.

FINANCIAL house PhillipCapital wants to wade deeper into the small- and medium-sized enterprise (SME) space from its current largely retail clientele through its application for a wholesale bank licence in Singapore.

It was reported earlier this month that it had teamed up with Hong Kong-...