With the Asian market increasingly attracting Nordic and German clients, SEB intends to open an office in mid-2011 in one of the region’s major financial hubs – Hong Kong.
“Hong Kong is today the third most important financial center 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,” says Magnus Carlsson, head of the Merchant Banking division.
“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 concludes.
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. SEB has been present in Asia for over 30 years through offices in Beijing, Singapore, Shanghai and New Dehli.