SEB has received its local banking license in Hong Kong and can now begin to serve its clients locally.
SEB in Hong Kong will offer a wide range of products for corporate clients, global financial institutions with activities in the Asian market and Asian institutions interested in international diversification. The product range of SEB’s operations in Asia is integrated into SEB’s global product offering.
“The Asian Market is of growing importance for an increasing number of our clients, says Carl Christensson, head of SEB in Hong Kong. Coincidentally Hong Kong has developed into one of the world’s financial centers, and this license will further strengthen SEB’s presence in the region.
SEB has been serving clients in Asia for more than 30 years through its offices in Beijing, Singapore, Shanghai and New Delhi, and estimates the number of staff in Asia by the end of the year will be 170.
(CM)