Byline: Nuntawun Polkuamdee
Oct. 2--Local brokers have little interest in expanding overseas, given heavy start-up costs and a lack of experience and clients.
The Securities and Exchange Commission recently announced that it would allow local brokers to open overseas branches to help firms expand their business operations and competitiveness in the global securities markets.
But local brokers say their business is focused on the domestic market, and that foreign clients are serviced through partnerships with international brokers.
Suvit Mapaisansin, chief executive officer of Phatra Securities, said that expanding abroad posed considerable challenges for any ...