MFEX gains securities license in Hong Kong
The MFEX’s Hong Kong subsidiary has been awarded the Type 1 license dealing in securities by Hong Kong’s Securities and Futures Commission, received in early June.
MFEX Hong Kong is slated to become the commercial centre for MFEX in North Asia focusing on business development, sales, and client service. Its priority is to serve distributors and asset managers based in Hong Kong, Taiwan, Korea, and Japan.
Sara Wong, Steffen Ahlers, and Yong Sheng Aw are appointed responsible officers (ROs) of the entity.
“This marks yet another milestone in MFEX’s exponential growth in the region. We are fully committed to developing our capabilities in Asia to better serve our clients and partners,” says Wong, RO at MFEX Hong Kong
“The awarding of the SFC license and establishment of MFEX Hong Kong is further testament to the MFEX growth story. Even as the firm rapidly increases its footprint on the global fund distribution space, we remain staunch in our efforts to build a neutral infrastructure, fully transparent and free of any conflict of interest for the benefit of our partners, asset Managers and distributors alike,” says Torben Munch, CEO at MFEX Group.
“MFEX has 50 fund specialists covering front to back office operations based across three Asia offices in Singapore, Kuala Lumpur, and Hong Kong. The establishment of MFEX Hong Kong with a Type 1 license from the SFC allows us to leverage on this strong foundation to deepen our relationship with over 70 Distributors and Asset Managers partners in the region,” adds Ahlers, CEO at MFEX Asia.
Singapore remains the regional hub for MFEX in Asia.