First Metro looks to the region, forging alliances with strategic partners with whom it can expand into other shores and strengthen its foothold in Asia. First Metro, together with its subsidiaries, remains steadfast in pursuing business opportunities in the emerging and key markets in the region. We will focus on building relationships with target clients and positioning the company in the regional market.
In October 2012, First Metro Securities Brokerage Corporation, First Metro's stockbrokerage arm, entered into a research collaboration with DBS Vickers Securities (Singapore) Pte. Ltd. The collaboration aims to offer best-in-class equity research to local and foreign investors and provide clients with actionable investment ideas in the Philippines.
In line with this partnership, First Metro Securities brought three Philippine listed companies to the Singapore leg of the Pulse of Asia Conference organized by DBS Vickers. The three local companies presented the Philippine market and its growth story to 400 regional fund managers and 85 listed companies from Singapore, China, Hong Kong, South Korea, Indonesia and the Philippines.
First Metro Securities and DBS Vickers will continue inviting listed firms to future conferences in the United States and Europe, as well as bring individual firms on separate roadshows. The two companies are looking to expand joint distribution and work on new areas of collaboration.
Consistent with its thrust to build its brand in the regional market, First Metro is also working with DBS Vickers to explore other debt and equity markets projects.
DBS Vickers is a leading securities and derivatives brokerage firm in Singapore with a rich Asian heritage and a strong Asian focus. It is a wholly owned subsidiary of DBS Bank, one of the largest financial services groups in Asia.
First Metro forms a strategic alliance with Tokai Tokyo Financial Holdings, Inc. (TTFH), a Japan-based holding company engaged primarily in securities. The alliance aims to broaden the two companies' product offerings and services for the benefit of their clients. This partnership will open up a more diverse client base for First Metro.
The memorandum of understanding will address collaborative and mutual endeavors such as the provision of products and services, information sharing on the economic environment and the corporate sector, exchange programs for on-the-job trainees, the establishment of investment trust products, and the promotion of corporate finance businesses including financial advisory.
First Metro and TTFH will seek to develop other areas of possible cooperation, giving the clients of each access to a broader range of financial products and services. TTFH is the first group engaged in securities brokerage operation in Japan to form an alliance with the Metrobank Group.
TTFH is among the top ten publicly listed securities companies in the Tokyo Stock Exchange. The company is engaged in the purchase and sale of securities, the brokerage of securities, the underwriting, sale, public offering and private offering of securities, as well as other financial product transaction businesses and financial product-related businesses. The company also provides financing and fund management services for clients in the overseas markets, including Asian and European financial markets.