HONG
KONG, CHINA�- Media OutReach - 17
January 2019 - Riding a wave of growth powered by
restrictive global financial reforms, specialist prime broker Invast Global will
today announce a new Hong Kong office.
“Hong Kong is a hotbed of start-up and
emerging hedge funds and brokerages,” said Invast Global CEO Gavin White.
“We’ve built a
reputation for being at the forefront of new technology, winning awards for
innovation, whilst maintaining a human, flexible and client-centric approach.
“We believe this dynamic and exciting
market strongly complements our trademark, responsive and high-tech approach
and we look forward to giving Hong Kong’s innovative businesses an alternative
to the traditional bank-based prime broker service offerings.
“Over the past six years, we’ve seen a
growing vacuum in the market as traditional investment banks curb their
business lines in response to increasingly restrictive global regulatory
reforms — and that suits us.
“We believe demand for alternatives to
traditional global investment bank offerings will continue to accelerate over
the coming decades as scheduled regulatory reforms take effect and outdated,
legacy technology systems continue to constrain the ability of the banks to
evolve and compete.”
Invast Global has forged an enviable
reputation in the institutional brokerage industry since launching operations
from its Sydney headquarters in 2012.
The multi-asset prime broker, which serves
institutional clients around the world, has been steadily gaining industry
accolades for an innovative, technology-focused approach to prime services.
Today, the firm’s growth enters a new phase
with the launch of a subsidiary company based in the Chinese Special
Administrative Region of Hong Kong.
The new firm, Invast Global (Hong Kong) Ltd,
will concentrate on Asia-focused institutional clients using a comprehensive
array of Securities and Futures Commission licence types to provide an
alternative to the traditional bank-based prime services offerings. Invast
Global has deployed a core team of 6 people with a strong understanding of the
local landscape. The expansion will also channel future strategic partnerships
in the region.
Marcus Fung, a senior executive with Invast since 2013, has been
appointed to lead the Hong Kong business.
Born in Guangzhou, but raised and educated in Hong Kong, Mr Fung is
a multi-lingual technology specialist with a bachelor’s degree in physics from Japan’s
highly respected Tokyo Institute of Technology as well as a prestigious
Japanese Government scholarship to the Tokyo University of Foreign Studies.
He is a dynamic advocate for the use of cutting-edge
technological innovations, demonstrated by his commitment to supporting his global
hedge fund and broker clients with unique analytical services and powerful data
science techniques.
“Our service is about providing efficient,
cost-effective connectivity to liquidity and execution venues, combined with
data and analysis — and communicating our findings to the client in the
quickest, most concise, practical and least expensive way,” said Invast Global (Hong
Kong) CEO Marcus Fung.
“Finding the best and most appropriate
liquidity, designing the best execution techniques, providing the most
efficient, most bespoke and responsive ancillary services — without proper
analysis and advice on these factors, our clients risk slipping behind. This is
a real threat to small, medium and emerging firms, and it is one we are focused
on solving for our clients,” said Mr Fung.
About
Invast Global
Invast Global is a specialist multi-asset
prime broker based in Sydney and Hong Kong. The company specialises in
providing prime services to small/mid-sized hedge funds, asset managers,
proprietary trading firms, other brokerages and banks.
The milestones have been accumulating fast
for the entrepreneurial firm, with its institutional client base growing
strongly worldwide and a particularly strong penetration into the hedge fund
space. Multi-asset turnover for the firm now exceeds well over AU$100bn
monthly.
The company has received numerous
highly-respected industry awards, often beating larger, globally renowned
investment banks.
The JASDAQ-listed Japanese parent company —
Invast Securities Co. has a 60-year history as a Forex and Securities brokerage
and enjoys stable, long-standing relationships with numerous tier-one bank prime
brokers.
Website: www.invast.com.au
“Engineered for Sustainability: Hong Kong’s Contribution to United Nations Sustainable Development Goals” Showcasing over 40…
Delta Dunia Group, via its indirect subsidiary BUMA International [1], will expand its presence in…
SINGAPORE - Media OutReach Newswire - 25 November 2024 - FBS, a leading global broker,…
Exploring the Unique Characteristics of Tsuen Wan and Sha Tau Kok and Presenting Hong Kong’s…
A Collaborative Platform Showcasing Scalable and Affordable Solutions for Climate Action, With a Focus on…
Reducing waste by collaborating with the World Green Organisation and a local farm to upcycle…