Business Services Industry
More Sales Staff Needed, Thailand's Securities Sellers Say.
Knight Ridder/Tribune Business News, March, 2004
By Nuntawun Polkuamdee, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Mar. 11--The Association of Securities Companies wants to increase the number of equity sales staff in the market six-fold to 30,000 to help meet the needs of the expanding investor base.
Association president Jongrak Raruaysong said based on 300,000 accounts in the system, each sales staff currently handles an average of 60 accounts, with 40 considered active.
But a 1:20 staff to account ratio was more appropriate to ensure adequate service quality in the future, he said.
Dr Jongrak said securities brokers at its March 30 meeting would discuss ways to increase research coverage for small-cap stocks and improve the quality of research within the...
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