PSE accredits Union Bank of Switzerland investment arm in PHL

The local investment arm of Union Bank of Switzerland secured from the Philippine Stock Exchange accredited status for the issuance of fairness opinions and valuation reports for listed firms and companies seeking listing on the exchange.   PSE approval on Thursday of the UBS Investment Philippines Inc. application brought to 12 the number of accredited firms.   The 11 others are:

• CLSA Exchange Capital Inc.
• Citicorp Capital Philippines Inc.
• Isla Lipana & Co.
• First Metro Investment Corporation
• Manabat Sanagustin & Co., CPAs
• Manabat Delgado Amper & Co.
• Unicapital Inc.
• ATR KimEng Capital Partners Inc.
• Punongbayan & Araullo
• Multinational Investment Bancorporation
• ING Bank N.V., Manila Branch

Meanwhile, the PSE disclosed on Friday that, in tandem with Bloomberg Philippines LLC, it will conduct a seminar on equity derivatives on Dec. 6.   Mr. Nitin Jaiswal, Bloomberg Asia-Pacific Operations’ head of Market Specialists and Foreign Exchange Electronic Trade Group, will be the resource speaker.   The equity derivatives forum is the last in this year’s PSE-Bloomberg seminar series. — ELR/VS, GMA News