| Vision |
To be the preferred securities brokerage house in
the Philippines with the support of Rizal Commercial
Banking Corporation and the Yuchengco Group of Companies.
To be the best Philippine internet brokerage firm
by: (1) Pioneering in its link-up of clients to
the stock exchange floor via the extranet; (2) maintaining
a dynamic website which offers real-time, online
trading and investment information; and (3) being
at the forefront of developments in technology to
continuously enhance service quality to its customers.
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| Mission |
RCBC-Sec shall put the interest of its customers
first by providing superior service.
RCBC-Sec shall strive towards excellence and maintain
conservative policies upholding honesty, integrity
and diligence, thereby contributing to the nation's
capital markets development.
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| Company
Profile |
|
Name |
: |
RCBC Securities, Inc.
(Formerly Pacific Basin Securities Company,
Inc.) |
| |
|
100%
owned by RCBC Capital Corporation which
is in turn 100% owned by Rizal Commercial
Banking Corporation, universal bank belonging
to the Yuchengco Group of Companies. |
| Address
|
: |
7F Yuchengco Tower, RCBC Plaza, 6819 Ayala
Avenue, Makati City Philippines |
| Member
|
: |
Philippine
Stock Exchange Inc. |
| Date
of Incorporation |
: |
August
20,1973 |
| Date
of change in name |
: |
July
20,1995 |
|
| Board of Directors and
Officers |
| Chairman
|
: |
Raul
M. Leopando |
| Directors |
: |
Jerome
A. Tan |
|
|
Jose
Luis F. Gomez |
|
|
Eduardo
S. Lopez, Jr. |
|
|
Atty.
Teodoro Peña |
|
|
|
| Officers |
|
|
|
Senior Vice President |
: |
Jerome
A. Tan - General Manager |
| Treasurer |
: |
Jose
Luis F. Gomez |
| Corporate
Secretary |
: |
Atty.
Samuel V. Torres |
| Assistant
Vice President |
: |
Rhodora
A. Alberto - Compliance Officer/Associated
Person/Risk Control |
| Assistant
Vice President |
: |
Lourdes
Celestial G. Dipasupil - Head of Research |
| Assistant
Vice President |
: |
Diosdado C. Salang, Jr. - Head of Operations
|
| Senior
Manager |
|
Simeon
A. Lorica, Jr. - Sales , Head Floor Trader |
|
| Parent Company and Group Profile
|
RCBC Capital Corporation
RCBC Capital Corporation, formerly known as the
Philippine Pacific Capital Corporation, is one of
the country's oldest investment houses having been
established in 1974 by Rizal Commercial Banking
Corporation ("RCBC"), China Banking Corporation,
Nomura Securities, Sanwa Bank and Mitsui Bank. it
is one of the first investment houses to be established
under P.D. 129, otherwise known as the Investment
Houses Law. In 1984, Nomura Securities and Mitsui
Bank, sold their interests to RCBC and China Bank,
while Sanwa's interest in RCBC Capital was absorbed
by RCBC. In 1993, China Bank sold their interests
to RCBC making the investment house 99.5% owned
by the bank. A timely development, it allowed the
formation of a strategic alliance between the two
institutions especially at a time when the Philippine
capital market was very bullish. RCBC Capital Corp.
is engaged in the underwriting of debt and equity
issues, treasury operations, financial advisory
and consultancy services, project financing and
stock market services along with its subsidiary
RCBC Securities, Inc. With the return of interest
in the capital market as well as continuous reforms
in the industry, RCBC Capital Corp. has emerged
as one of the top investment houses in the industry.
In 1996, it was ranked 2nd in terms of underwriting
business by Asiamoney, an international business
magazine.
Rizal Commercial Banking Corporation
Established by Ambassador Alfonso T. Yuchengco in
1960, Rizal Commercial Banking Corporation ("RCBC")
has become the sixth largest "private"
local universal bank in terms of total assets in
the Philippines. In 1989, RCBC was granted a license
to operate as an expanded commercial bank, more
commonly known as a universal bank. Its key strengths
include its alliance with Sanwa Bank of Japan, which
came in as an equity partner in 1973. Sanwa increased
its stake to 25% from the original 10% in 1984.
From corporate banking, RCBC took its first big
step towards consumer banking at a time when economic
growth was spurred largely by consumer spending.
1995 witnessed RCBC embarking on a Re-engineering
Program to sharpen the bank's competitive edge against
a fast-growing number of commercial and foreign
banks. The program focused on business and process
re-engineering. RCBC Savings Bank was established
in 1996 in line with the bank's strategic move to
expand into consumer and retail banking. In 1997,
the Monetary Board and Securities and Exchange Commission
approved a P4.5 billion capital build-up program
- a P2 billion stock rights offering and a P2.5
billion additional public offering. In 1998, RCBC
signed an agreement with major stockholders of Capitol
Development Bank ("CDB"), the country's
largest private development bank to acquire a 99.6%
interest in the latter. CDB was subsequently integrated
into RCBC Savings Bank adding credit card business,
Foreign Currency Deposit Unit and Trust to the subsidiary's
banking functions.
Yuchengco Group of Companies
The Group draws its origins from China
Insurance and Surety Co., a non-life insurance firm
which was established by Don Enrique Yuchengco.
With the death of Don Enrique, his son Alfonso took
over the family enterprises, charting new directions
marked by rapid growth and expansion. From insurance
and its allied activities, Mr. Yuchengco moved into
various fields paving the way for the birth of the
conglomerate, the Yuchengco Group of Companies,
injecting a work ethic rooted in integrity, social
consciousness, unyielding vision and confidence
in the Filipino people.
Today,
the Yuchengco Group of Companies (YGC) is involved
in diverse fields such as banking, finance, investment
management, manufacturing, construction, mining,
real estate development, trading, power generation,
oil exploration, telecommunications, fast food
and agribusiness. Its roster of business enterprises
and investments includes four flagship companies:
Rizal Commercial Banking Corporation, House of
Investments Inc., MICO Equities, Inc. and GPL
Holdings Inc.. The Group's vision focuses not
only on impressive returns but also on the "social
responsibility" of its businesses resulting
in the formation in 1970 of a fifth member - AY
Foundation Inc. which serves as its social development
arm.
The
challenges of internationalization and the fast
moving dynamics of the global environs compels
the Group to integrate its businesses under a
synergistic umbrella of YGC's Integrated Financial
Services. The group now looks into a new paradigm
in approaching markets which are getting more
complex and more demanding ---- meeting these
with YGC's members working for the people
it serves.
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