Copenhagen based multi asset broker has continued its global expansion and, in particular, its growth in China and the Far East with a new partnership announced today with Valuable Capital Group, part of Chinese online media giant SINA Corp (NASDAQ:SINA).
The new partnership comes just several days after Saxo Bank appointed a new China CEO, hiring Vivienne Yu from Commonwealth Bank. We would also remind LeapRate readers that China’s Geely Group recently bought a controlling interest in Saxo Bank.
The two parties said they will cooperate to provide diversified, convenient and professional global investment services leveraging Saxo Bank’s unique trading technology and access to global capital markets.
Valuable Capital Group is headquartered in Hong Kong and has offices in Shenzhen and Beijing. In 2017 SINA Corporation invested in Valuable Capital Group, starting its business in overseas financial services.
According to the agreement, Valuable Capital Group will provide investors access to more than 35,000 financial instruments leveraging the multi-asset trading technology of Saxo Bank. At the same time, the partnership helps Saxo Bank strengthen its offering and client experience, relying on the local advantages and insights of Valuable Capital Group.
Ge Xu, chairman, Valuable Capital Group, said:
By cooperating with Saxo Bank, Valuable Capital Group is able to provide clients with access to global financial markets with a specific focus on the European markets. We are committed to the technological reforming of financial services in Hong Kong and working with Saxo Bank, a leading global multi-asset trading and investment specialist, is a milestone for the Group.
The partnership with Saxo Bank is an important step in the international development of Valuable Capital Group enabling the Group to provide better investment services in diversified financial assets to all clients and ensure that more investors have access to the new opportunities arising from increased internationalization.
Kim Fournais, Saxo Bank
Kim Fournais, Founder & CEO, Saxo Bank, said:
We see partnerships and increased cooperation as one of the most disruptive factors in the financial industry. By entering into cooperation and leveraging each other’s strengths, partnerships help deliver truly best-in-class client experience much more efficiently. Saxo Bank was a fintech long before the term was created and we use that strong technology foundation to deliver wholesale solutions and Banking-as-a-Service. We look forward to working with Valuable Capital Group to leverage on its local expertise and Saxo Bank’s unique technology and access to global capital markets.