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About the AB Capital Group
| AB Capital Group History
| Management Team
About AB Capital Securities, Inc.
| AB Capital Securities, Inc. History
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The history of the AB Capital Group began some twenty
seven years ago with the
establishment of Anscor Finance, Inc., a financing and leasing company,
by the A. Soriano Corporation (ANSCOR) in 1980. In 1981, with the first
quasi-banking authority given to a Philippine institution in years and
with a newly granted investment house license, Anscor Finance, Inc. became
Anscor Capital and Investment Corporation, which today is known as AB
Capital & Investment Corporation. In the same year, the financing and
leasing operations of the company were spun-off and a separate entity,
Anscor Finance Corporation, was created.
At the very start, the Group envisioned itself to become a diversified
financial services institution with a strong focus on the capital markets.
Thus, in 1982, Anscor Capital acquired 80% of one of Manila's leading
stock brokerage firms, renaming it Anscor Hagedorn Securities, Inc. In
1983, Anscor Capital acquired a stock transfer firm, Stock Transfer Services,
Inc., which used to be a subsidiary of Anscor, the parent company. A year
later, in 1984, the Group acquired majority interest in what was then
Asian Savings Bank. Driven by the expertise and reputation of its key people and the
solid backing of its stockholders, the Group readily established its leadership
in the field of investment banking during the first decade of its operation.
In 1990, the Group expanded its role in the financial sector by upgrading the savings
bank license of Asian Savings Bank to a commercial banking license. The bank was then
renamed AsianBank Corporation. AsianBank proceeded to become a universal bank in 1996
and emerged as one of the significant players in the Philippine banking industry,
ranking 18th among 54 commercial banks in 1999. However, despite the Bank's
noteworthy performance, during that year the Group divested its holdings
in AsianBank as part of the ongoing consolidation in the banking industry.
With the AsianBank divestment, AB Capital will now focus on its
traditional areas of strength, specifically the capital markets.
With this renewed focus, AB Capital will continue to nurture and strengthen
its relationships with the following customer segments: the prime corporate
sector and high net worth individuals and institutions. For the corporate
sector, AB Capital will provide alternative sources of financing as well
as investment management services. AB Capital has a solid track record
in the management and underwriting of both debt and equity issues as well
as in the arrangement of private placement transactions. Furthermore, AB Capital has
the ability to deliver innovative financing structures that allow corporations
to minimize the cost of capital. For its high networth clients,
AB Capital provides a full suite of investment
management services that cater to the diverse requirements of these clients. AB Capital
is an established player in the fund management business and, for active
investors, has the infrastructure to provide investment advice and execution
services, both in the fixed income and equity markets.
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At the helm of the AB Capital Group is Mr. Ramón R. Del Rosario, Jr.,
former Philippine Secretary of Finance, who now serves as the company's Chairman
and Chief Executive Officer. Mr. Del Rosario is assisted by a team of
seasoned investment bankers led by Mr. Francisco M. Varela who oversees
the Group's day-to-day operations in his capacity as President and Chief
Operating Officer.
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AB Capital Securities, Incorporated (ABCSI), formerly Anscor Hagedorn
Securities, Inc. or AHSI, has long been one of the Philippines' leading
stock brokerage firms. Today it takes pride in being one of the pioneers
in online stock trading. With over thirty years of industry presence,
AB Capital Securities, Inc. has become a major player in the Philippine
financial markets. The firm consistently ranks among the country's top
brokerages in terms of turnover.
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ABCSI commenced operations in the early 1950s as Gaberman & Hagedorn.
During the mid-60s, the firm was renamed F.C. Hagedorn and Company.
In 1982 AB Capital and Investment Corporation (then Anscor Capital and
Investment Corporation) acquired 80% of F.C. Hagedorn & Company, and
renamed the company Anscor Hagedorn Securities, Inc. (AHSI). In
the year 2000, AB Capital Securities, Inc. became a wholly owned subsidiary of AB Capital
and Investment Corporation after the Hagedorn family divested its entire holdings in the company.
Apart from traditional brokerage operations, ABCSI, through its
institutional clientele and research group, provides AB Capital
and Investment Corporation. (AB Capital) with the distribution
infrastructure and market support for its equity underwriting
activities. Additionally, ABCSI customers have access to in-depth
fundamental and technical research provided by its research team.
True to its pioneering spirit, ABCSI has again taken the lead in today's
Information Age, being among the first local brokerages to
offer online stock trading via the Internet.
ABCSI's online trading facility allows the investor himself to buy or
sell any stock listed on the Philippine Stock Exchange (PSE) using his
personal computer. ABCSI is prepared to embrace the New Economy
and is equipped with the experience, staff and resources to meet
the needs of today's new generation of techno-savvy customers.
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