The firm, carrying broker code 358, was born out of the pandemic-era closure of BDO Nomura Securities Inc., whose trading rights it acquired in 2021.
Who’s behind WeCap?
Job Ambrosio is director, president and nominee. He brings extensive experience in banking, finance, and capital markets, having co-led PJS Law’s practice group and held leadership roles in Penwood Corp. and Welcome Bank Philippines.
Eduardo “Junie” Banaag Jr., also a director, has a strong investment background, previously heading strategy roles at AIA Philippines and First Metro Investments.
Ricky Palou, WeCap chair, is a veteran sports executive who helped establish the Premier Volleyball League and previously served as Ateneo de Manila University’s athletics director.
Ray Alimurung, another director, was the former CEO of Lazada Philippines and is now a general partner of fast-growing venture capital firm Kaya Founders.
Adolfo Reyes, rounding out the board, has led operations in multiple private companies and is currently the president of Neorama Signs.
Recent updates
After securing regulatory approvals, WeCap partnered with Premier Software Enterprise, Inc., a PSE subsidiary, to power its trading platform.
With its base in Makati, the firm is set to offer securities trading, capital raising, and advisory services.
Management’s view
“Our trading platform represents a key product that we offer to our clients, and our long-term goal is to launch our mobile and online trading platform that will make trading of Philippine stocks more accessible to more Filipinos, which is an objective we share with the PSE,” Ambrosio said in a statement.
