Edward Boustead founded Boustead & Co, a modest trading firm in Singapore, eventually to become one of the great trading houses of the Far East, alongside Jardine Matheson Group (1832), Swire Group (1870), and Raffles International (1887). Boustead’s core business was import and export, shipping, and insurance agency.
With trade growing between Singapore and Malay, and as the Straits of Malacca became a primary waterway, Boustead & Co opened a branch in Penang.
Boustead & Co introduced rubber trees into Malaysia and built a leading presence there, owning and managing 49 plantations totaling over 140,000 acres.
Boustead & Co handled its first shipment of bulk oil to Penang. Shell Trading and Transport Company is formed with a Boustead partner as one of the founding directors of the new company, known today as Royal Dutch Shell PLC.
Boustead PLC founded in London (formerly known as Taiping Rubber Plantations Limited), which ultimately lists on the London Stock Exchange.
Boustead & Co represents over 20 major shipping lines and numerous insurance agencies including the renowned Lloyd’s, for nearly a century.
Boustead PLC consolidates its financial and trading businesses to form a new public listed company on the London Stock Exchange.
1960s – 2000s
Boustead PLC reorganizes into three separate public companies: Boustead Holdings Berhad ($3bn market cap on Kuala Lumpur Stock Exchange) and Boustead Singapore ($1bn market cap on Singapore Stock Exchange), alongside Boustead PLC’s LSE listing.
Sutter Securities, Inc. is founded as a FINRA-registered broker-dealer.
Boustead Securities, LLC is founded as a FINRA-registered broker-dealer.
Boustead & Company Limited formed in Nevada, USA as the holding company for the diversified and comprehensive non-bank financial institution group; acquires Boustead Group (UK) Limited, Boustead Securities, and Boustead’s Mauritius entities.
2016 – 2017
Boustead acquires Sutter Securities Group, Inc. and its subsidiaries including the FINRA-registered clearing broker dealer Sutter Securities Clearing, LLC, funding portal (www.flashfunders.com), cash custody escrow firm, and transfer agency.
Boustead Securities Underwrites the first-ever Reg A+ IPO on Nasdaq, offered online at FlashFunders.com; Ranked among Top Five US Underwriters of Chinese IPOs.
Sutter Securities Group acquires Sutter Capital Management, Inc. a Los Angeles-based blockchain fund manager. Boustead establishes London-based Boustead Capital Markets LLP as an appointed representative of a UK Financial Conduct Authority-authorized and regulated firm.
Sutter Securities Group acquires San Francisco-based Sutter Securities, Inc., a retail/ institutional FINRA-registered broker dealer.
Boustead Securities and its affiliates are actively engaged by their clients for transactions totaling $2+ billion in value, spanning underwritten IPOs, Reg A+ and Reg D private placements, 1031 and distributed securities offerings, and fund representation and capital offerings.
Boustead Securities named Sole U.S. Lead Underwriter for the USD$62 million Nasdaq firm commit IPO of Molecular Data Inc. (“MKD”), and Co-Manager for the USD $200 million NYSE firm commit IPO of AMTD International Inc. (“HKIB”)