Stockholm and Hong Kong, 09.06.2020
The MFEX group is extremely pleased to announce that MFEX Hong Kong Limited, a 100% subsidiary of MFEX Mutual Funds Exchange AB, has been awarded the Type 1 license (dealing in securities) by Hong Kong’s Securities and Futures Commission (SFC) last week.
MFEX Hong Kong is slated to become the commercial center 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 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.” – Sara Wong, RO, MFEX Hong Kong
“The awarding of the SFC license and establishment of MFEX Hong Kong Ltd 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.” – Torben Munch, CEO, 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.” – Steffen Ahlers, CEO, MFEX Asia
Singapore remains the regional hub for MFEX in Asia.
MFEX, independent experts in global fund distribution, offers a complete solution for fund distribution with €280 billion in assets under administration. Financial distributors & insurance companies use MFEX to access the world's largest fund range with trading, rebates and fund information from over 920 fund companies and 72 000 funds. MFEX is independent with full transparency between distributors and fund companies.
MFEX has its head office in Stockholm and offices in Paris, Luxembourg, London, Geneva, Kuala Lumpur, Milan, Madrid, Umea, Singapore and Hong Kong. Its primary regulator is the Swedish Financial Supervisory Authority (Finansinspektionen).
MFEX is present in 51 countries on 5 continents with more than 250 employees and is organized into four main business lines: Trading & Custody, Rebate Collection, Data & Fund Info and Counterparty Due Diligence (Global Fund Watch). For more information please see www.mfex.com.
Tel: +65 9125 6075