The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Doing it for charity

It's not often investors buy stock for reasons of charity, but Jardine Fleming achieved this feat on June 16 when celebrating its inaugural day as a member of the Singapore stock exchange. It decided to give half of its commissions to charity.

"On these sorts of occasions," says country manager Philip Smiley "companies normally have dreadful cocktail parties and someone makes a boring speech. We wanted to spend the money in a more fruitful way."

The idea was hatched by head of broking Olivier Stocker, who also decided the money should be donated to charities seeking to fight the haze from Indonesia. In the event Jardine Fleming captured 5% of main board turnover, although as Smiley is quick to admit, "it wasn't an exciting day in any direction. The market fell on poor turnover".

It was an important day for Jardine Fleming, however. Not having a seat in Asia's burgeoning fund management centre was somewhat amazing for the region's biggest stockbroker with seats in 19 other Asian locations.

Did the charity help Jardine Fleming to get off to a flying start? "I would hope there were some orders put our way because of the charitable aspect," observes Smiley.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree