With the Asian market increasingly attracting Nordic and German clients, SEB intends to open an office in mid-2011 in Hong Kong, one of the region’s major financial hubs.
“Hong Kong is today the third most important financial centre in the world after New York and London and growing in importance because of the rise of Asia, in particular China. SEB’s client base is also increasing its presence in the region,” said Magnus Carlsson, head of the merchant banking division at SEB.
“The wealth accumulation going on and the new markets opening up provide a huge opportunity for our institutional as well as corporate clients. Our aim is to serve them, and new clients in the best possible way, by facilitating their ambitions and strategies with a strong financial offering that meets the market conditions,” Carlsson added.
With the opening of the Hong Kong branch office, SEB will further strengthen its presence in Asia and SEB’s clients will enjoy an enhanced product and service offering in a crucial region. The opening is pending necessary licensing approvals.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
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