MBS are gradually realizing the idea of enterprise management best practices by separating the role of the Board of Directors to the Board of Directors.
Complete plans beyond 2012, MB Securities (MBS) is conquered by faith of shareholders and investors with steady steps on the road and bring creativity to the MBS Securities TOP 3 best Vietnam-oriented The parent bank's strategy (MB). At MBS AGM on 28/6 to, a contingency plan will be submitted to the Congress Board MBS through, it's going to find one smaller brokers to conduct consolidation. ĐTCK had discussions with TS. Quach Manh Hao, MBS board members.
Many people are surprised to hear that MBS will find one other smaller brokers to perform the merge. Can you tell why?
As you well know, restructuring the economy, restructuring of commercial banks, securities companies restructuring block orientation is important that the Government and ministries already in place, aimed at reducing the number of businesses, creating new space to increase the competitiveness of the enterprises to be healthy. Make this orientation, MBS had the idea to find a smaller brokers to conduct consolidated long, but now, the market conditions are more favorable point, our Board of Directors officially announced this idea. Merge with other brokers is one of the fast growing way to MBS, network expansion, increased financial capacity, increase customers, increase opportunities for cooperation and development is also a way to contribute MBS into the restructuring of the Securities under the policy of the Government and of the securities industry has set.
TS. Quach Manh Hao: "I'm from the position of deputy general manager of MBS to focus on the work of the Board members MBS"
Finding a smaller brokers to carry out the consolidation, as you just said, the MBS has long cherished. So he can reveal how MBS partner selection is like?
Our guideline is to choose a fund brokers are moderate or small, have good network of clients, with a healthy financial position to carry out the consolidation. Details of this process as well as the name of the selected brokers I would not be revealed, but we are trying to the merger can be completed in the third quarter of this year.
If the planned merger and shareholders through successful implementation, it is the most we can expect a healthier Securities, a network client wider resonance with the advantage of two separate brokers. Securities formed after consolidation will still called MBS, and MB Parent bank rate will remain dominant with the commitment to support us in many ways, especially on the client system and collaboration to create Should these products, financial services professionals, to meet the needs of diverse investors. MBS continued development based on five core values are available, such as: Creativity comes practice, and learning respect, diligence, team spirit, responsibility and community development.
MBS announced its intention to merge with the Securities unexpected, but recently, he has decided to leave the position of executive vice MBS seems to be an equally unexpected. Can you tell why?
Enterprise Restructuring and modernization of enterprise management model is one of the most important issues of major public companies if you want to survive and grow long-term. International practice in this regard is the separation of the roles of the Board and Executive Committee to ensure maximum efficiency in operations doanh.Voi strategic direction to become the most convenient service for and individual clients in the most professional service provider M & A and capital markets in Vietnam, MBS has been a large-scale public enterprises. We are gradually realizing the idea of enterprise management best practices by separating the role of the Board of Directors to the Board of Directors.
After Trung Thai Liu, chairman of the company from CEO to concentrate on the job MBS Chairman, I have officially resigned as Deputy General Director of MBS to focus on the work of the Board members MBS. As non-executive board members, but my work will focus on the development of an array of important investment banking services, direct research new products and participate in consulting projects as previously . MBS Executive Committee will also be added to increase management capacity. MBS is slowly realizing governance model in which businesses advanced and we need more commitment, effort, creativity and leadership by employees, to create new value for The company is on the path to strategic objectives were mothers Bank (MB) setting.
He predicts how the stock market the last 6 months?
Between May, I predicted that the market will receive a rally in the near future, is stimulated by positive sentiment from available cash flow prospects. I predicted that the positive short-term top might be in June, but the actual market reacted faster than what I expected. After the last increase, I think, from now until the end of the year will be difficult to market a great opportunity. Investors eagerly after, with the expectation messages, address book restore the economy by the government, are moving into a wait state moves really progressed from businesses and the economy.
However, I recognize that the market M & A, particularly M & A in the sector to take advantage of young population of Vietnam as food, beverages ... will thrive, because the foreign investors are interested in this field.
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