Saxo Markets appoints Ken Shih as Head of Wealth Management, Greater China, to propel its digital wealth management service in the region
HONG KONG, 19 April 2022 – Saxo Capital Markets HK Limited (“Saxo Markets”), the online trading and investment specialist, announced the appointment of Ken Shih as Head of Wealth Management, Greater China, strengthening its push into digital wealth management in the region.
Reporting to Manish Prasad, Head of Asset Management, APAC, Shih will oversee all aspects of Saxo Markets’ wealth management strategies and offerings in the Greater China region, and work on building out Saxo’s digital wealth management business in the region. Based in Hong Kong, Shih will also report to Richard Douglas, CEO of Hong Kong.
Shih, an 18-year industry veteran in the financial industry, previously held senior sales and strategy positions at HSBC, UBS, JPMorgan Chase and other top financial institutions in both the U.S. and Hong Kong. In the past three years, Shih was Head of Sales and Marketing at Hong Kong-based fintech startup AQUMON, where he grew the client base substantially and lifted the brand significantly in the digital wealth management space.
Richard Douglas, CEO of Hong Kong, Saxo Markets, comments, “We’re delighted to have Shih onboard. He definitely brings the expertise and exceptional energy we’re looking for. With his joining and the Type 4 and Type 9 licenses we obtained last October, Saxo’s well-positioned and fully committed to the wealth management business which is an important piece in Saxo’s overall ambition. We aim to provide more comprehensive services to support clients achieving their financial aspirations through our multi-asset trading and investment offerings.”
Manish Prasad, Head of Asset Management, APAC, Saxo Markets, comments, “Saxo has strong ambitions to rapidly expand our business in Asia with Greater China playing a focal point in these plans. Saxo as a Fintech pioneer, along with its award-winning platforms, can provide an alternative to traditional asset and wealth management for investors. The ideal digital wealth experience we’re looking to provide will delight investors with an attractive combination of great customer experience through simplicity, personalised investment solutions, engaging content and reasonable fees. Shih will play a key role as we continue to grow regionally and constantly improve the overall experiences for our clients along their investment journey.”
Commenting on his appointment, Shih says, “I’m excited to take on this role and help Saxo accelerate its Wealth Management expansion in Greater China. Saxo is an excellent company with 30 years of experience pioneering in the Fintech space. With a strong technology stack, talented individuals firm-wide, a broad range of access to global markets and products, and a deep understanding of clients, I have no doubt we can deliver a top notch digital wealth management service and experience for the investors. I’m a strong believer that anything worth doing in life is not going to be easy, so I embrace this challenge head on. Looking forward to bringing immediate value to the team and helping our clients achieve their wealth goals.”
For the press release regarding Saxo Markets receiving Type 4 and Type 9 Licenses from SFC, please go to: https://www.home.saxo/en-hk/campaigns/pr/2021-h2/saxo-markets-receives-type-4-and-type-9-licenses-from-sfc
Head of PR, Hong Kong & Shanghai
Saxo Markets
+852 3760 1386
+852 6128 1465
dorz@saxomarkets.com
Saxo Markets is a licensed subsidiary of Saxo Bank, a leading Fintech specialist that connects people to investment opportunities in global capital markets. In Hong Kong, Saxo Markets has operated since 2011 and has been serving as a gateway for Saxo in the region. As a provider of multi-asset trading and investment, Saxo Bank’s vision is to enable people to fulfil their financial aspirations and make an impact. Saxo’s user-friendly and personalised platform experience gives investors exactly what they need, when they need it, no matter if they want to actively trade global markets or invest into their future.
Founded in 1992, Saxo Bank was one of the first financial institutions to develop an online trading platform that provided private investors with the same tools and market access as professional traders, large institutions, and fund managers. Saxo combines an agile fintech mindset with close to 30 years of experience and track record in global capital markets to deliver a state-of-the-art experience to clients. The Saxo Bank Group holds four banking licenses and is well regulated globally. Saxo offers clients around the world broad access to global capital markets across asset classes, where they can trade more than 71,000 instruments in over 33 languages from one single margin account. The Saxo Bank Group also powers more than 150 financial institutions as partners by boosting the investment experience they can offer their clients via its open banking technology.
Headquartered in Copenhagen, Saxo Bank’s client assets total more than 115 billion USD and the company has more than 2,300 financial and technology professionals in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.