Multi-asset investment specialist Saxo Bank informed its clients and partners today that it will be closing its Hong Kong office.
The firm says its main priority is to ensure a smooth offboarding process for all impacted clients and partners.
Saxo explained that due to the rapidly changing business landscape in the region, it has made the difficult but necessary decision to close its Hong Kong office.
As of today (30 September 2024), Saxo has ceased the onboarding of new clients from the Hong Kong office. Saxo has contacted all existing clients and partners contracted with Saxo’s Hong Kong office and/or will be impacted by its closure.
Let’s recall that the company announced in June 2024 that it was reviewing strategic opportunities for its Asia-Pacific presence.
