Saxo Capital Markets HK Limited is a subsidiary of Saxo Bank. In securing Type 4 and Type 9 licenses in the special administrative region, the broker can provide guidance on securities and introduce asset management services. Read on for the latest details.
New SFC Licenses
In obtaining the latest licenses, the Denmark-headquartered broker can expand its footprint in the wealth and asset management space. The brokerage can utilise its current fintech services to provide tailored asset management solutions with competitive fees. This follows the introduction of SaxoInvestor – a user-friendly online platform that facilitates investments in securities and mutual funds.
Lester Chan, Head of Wealth Management at Saxo, commented: “Investors in Hong Kong now are very much digital-savvy. They are looking for an easy-to-use platform that can provide tailor-made solutions based on their financial situations, and can handle their needs through one single account with top-level professional assistance.”
The company entered the region in 2011 and has since been operating with Type 1, 2 and 13 licenses from the Securities and Futures Commission. The latest regulatory agreement is a reassuring sign that the broker has established itself as a reputable financial services provider in the area.
Saxo Markets Hong Kong CEO, Richard Douglas, added: “The licenses give us greater room to now provide more comprehensive services to clients, whether they want to trade global capital markets or invest into their future.