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.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.