BNP boosts presence in Asia

BNP boosts presence in Asia

HONG KONG (Dow Jones): BNP Prime Peregrine will bolster its presence in Southeast Asia by expanding offices and boosting staff levels, a local newspaper quoted the company's chairman, Francis Leung Pak-to, as saying.

According to the report in Saturday's South China Morning Post, Leung said the financial services company has already obtained broking licenses for its offices in Thailand and Indonesia. Its Singapore branch is expected to receive a license next year.

The Post quoted Leung as saying that the company will target wealthy individuals as clients and beef up staff in the U.S. and Europe.