CHICAGO, June 13, 2012 /PRNewswire/ -- Phillip Futures Inc. (PFI), member of the Singapore-based PhillipCapital group of companies, has just begun accepting U.S. customer business and hired Robert Keeley to lead the sales effort. Keeley, a 21-year veteran of futures trading, sales and management, has joined the firm as Senior Vice President, Director of Sales and Business Development.
Established as a Chicago-based futures commission merchant (FCM) in 2010, Phillip Futures over the past year has obtained full clearing memberships on numerous U.S. exchanges, including all of the CME Group markets (CME, CBOT, NYMEX and COMEX), NYSE Liffe U.S. and most recently, CBOE Futures Exchange (CFE), with additional clearing memberships pending. The firm also has one of the most comprehensive offerings from the United States of direct memberships in Asia futures markets. Phillip Futures represents PhillipCapital's first foray into the U.S.
Keeley, who reports to Lynette Lim, Director and Principal of the FCM, joined PFI with extensive experience in institutional sales and management of trading operations. He spent 10 years at Newedge USA (formerly Fimat USA), where he was Senior Vice President, Institutional Sales in the Institutional Management Group and First Vice President in the Institutional Sales Group. From 1996 to 2000, he was Second Vice President at Northern Trust, working with investment managers and with the Derivatives and Securities Operations Group. He began his career in 1991 at Nation's Bank-CRT (Chicago Research and Trading) as an Energy and Commodities Manager and Asian Trading Supervisor.
Keeley said: "With all the consolidation our marketplace has seen over the past several years, we believe this is a great opportunity for financially strong firms such as PhillipCapital to enter the market in the U.S. We're building outstanding new technology that will appeal to institutional and retail clients. PhillipCapital is such a well respected and recognized name in Asia; I'm excited to introduce the U.S. customer base to Phillip and to capitalize on this opportunity."
PhillipCapital's network of companies offer execution, clearing and direct electronic trading connectivity globally for the U.S. and Asian exchanges. Memberships of PhillipCapital intermediary companies include SGX and SMX (Singapore); HKEx (Hong Kong); OSE, TSE and TOCOM (Japan); BURSA (Malaysia); ICDX and IDX (Indonesia); TFEX and SET (Thailand), and TDE (Turkey).
Established in 1975 as a stock broking firm in Singapore, PhillipCapital has since diversified to offer a comprehensive suite of financial services including broking of futures, foreign exchange, equities, fixed income, bonds, unit trusts, real estate and insurance. With shareholder's equity greater than $1 billion and global assets under custody greater than $18 billion, the group has been profitable each year since its founding 37 years ago.
Privately owned, PhillipCapital employs more than 3,500 people worldwide with member companies operating in Singapore, Hong Kong, China, Japan, Malaysia, Thailand, Indonesia, Sri Lanka, United Kingdom, France, Australia, Turkey and the U.S.
SOURCE Phillip Futures Inc.