ACLEDA Securities Plc: A Leader in Cambodia’s Capital Market
Led by Dr. In Channy, Group Managing Director, and bolstered by steadfast backing from shareholders, the board of directors, and the management team of ACLEDA Bank Plc, ACLEDA Securities Plc was established in October 2010 following the acquisition of its Securities Broker license.
Initially challenged by a shortage of stocks, the company strategically expanded its portfolio, securing accreditations as a Bondholders’ Representative in June 2018 and a Securities Selling Agent in August 2019.
Dr. Prom Visoth, CEO of ACLEDA Securities Plc, said that the firm’s primary revenue sources include brokerage fees derived from brokerage, bondholders’ representative, and securities selling services.
“By the end of 2023, ACLEDA Securities Plc commanded a dominant position in Cambodia’s securities landscape, boasting the largest share of total trading accounts (62.54%) and total trading values (86%) compared to the broader market.”
He said that in 2024, ACLEDA Securities Plc’s primary focus is on enhancing and integrating its digital trading system with SERC and CSX to stimulate demand within the market.
Additionally, the firm also obtained a Fund Distributor license in February, signaling its commitment to fostering the development of the fund market in Cambodia. Collaborating with Banjaran Asset Management
(Cambodia) Plc, licensed by SERC, ACLEDA Securities Plc aims to launch the first fund in Cambodia, the BAMC Asia Equity Fund, in the first quarter of the year, to attract overseas funds.
“ACLEDA Securities Plc will focus its approach on well-established Cambodian companies to highlight to them the benefits of our local bourse so that they can invest and prepare themselves for future IPO on CSX.”
“While we use CSX’s trading platform as our trading mechanism, we are also developing our online trading account opening system and bank link system to support investors and the public who want to invest in CSX-listed companies.
These systems will allow them to request investor ID, open trading account, and transact fund transfer between their trading account and bank account by themselves,” he added.
In addition, the firm integrated and launched the CSX trading platform on ACLEDA mobile app, allowing investors for trade and banking services all in one single app. This integrated system can provide customers with the best experience and convenience, and easy access to and participate in the securities market to help drive market growth.
He added that ACLEDA Securities Plc places paramount importance on the security and privacy of our customers’ information and transactions.
“To ensure this, we regularly assess potential risks to data security,
both internally and externally. Our employees receive extensive training on data privacy and security protocols,
enabling them to handle sensitive customer information adeptly and recognize and respond to security threats effectively.”
“Additionally, we employ advanced technology solutions, such as encryption and firewalls, to protect customer data. In the event of
a security incident, we have a comprehensive response plan in place, including procedures for containment, investigation, customer notification, and corrective action,” he added.
A Proven Track Record
Since 2020, ACLEDA Securities Plc has consistently outpaced its competitors, emerging as the most actively traded broker among the 13 licensed brokerage houses designated by the Securities and Exchange Regulator of Cambodia (SERC). “This achievement has been underscored by consecutive accolades, including the ‘CSX Best Securities
ACLEDA Securities Plc has since been honored with the “Active Market Supporter Award” and the “Best Broker of the Decade Award” by CSX
Broker Award throughout 2020, 2021, 2022, 2023 and Q1 of 2024 based on criteria introduced by CSX,” Dr. Visoth said.
“ACLEDA Securities Plc has since been honored with the “Active Market Supporter Award” and the “Best Broker of the Decade Award” by CSX. ACLEDA Securities Plc is optimistic about maintaining and expanding its market share in 2024. The firm has forecasted a remarkable increase in the number of investors and surge in trading volume and value, respectively.”
A Personal Passion
Dr. Visoth said he is also proud of the firm’s efforts to promote financial literacy and investment opportunities, which have been central to ACLEDA Securities Plc’s outreach.
“In 2023 alone, we conducted 26 public awareness programs reaching approximately 5,000 investors, predominantly university students.”
He said plans are underway to expand these efforts to the business community, employees, and civil servants in 2024 and beyond.
“Looking ahead, I am passionate about and committed to strengthening the country’s capital market through ACLEDA Securities Plc. We have already captured 86% of the trading values, and we aim to increase this share further.”
“I am certain that there will be more robust trading volumes across the markets with more company offering their IPOs in the CSX soon,” Dr. Visoth added.
