LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Japan-based online trading services provider Monex Group, Inc. (TYO:8698) today announced the pending launch of the full-scale operations of Nippon Wealth Limited (https://www.nipponwealth.com) in Hong Kong.
The business, also known as NWB, was established in August 2013 for the purpose of developing asset management services for individual customers in Hong Kong. The list of NWB founders includes: Monex Group; Shinsei Bank Ltd. (TYO:8303); AD Capital Co., Ltd.; Convoy Financial Holdings Ltd (HKG:1019), and Tokyu Livable, Inc. (TYO:8879).
NWB has now formed a structure for offering financial services that include banking and securities services in Hong Kong and is set to commence full-scale operations on Monday, October 12, 2015.
The company was granted securities trading (Type 1) and securities advisory (Type 4) business licences by the Securities and Futures Commission of Hong Kong (SFC) on September 25, 2015. Earlier this year – in April 2015, it obtained a banking licence.
NWB will offer face-to-face services in Japanese for customers visiting its branches, in addition to services in English and Cantonese. As a platform for diversified global investments, NWB provides comprehensive support for the asset building of individual customers with asset management needs in Hong Kong. NWB proposes portfolios containing instruments such as bonds and investment trusts from the medium- to long-term perspective and in the future plans to enlarge its offering of currencies from the nine currencies it currently offers.
To view the official announcement on the pending launch, click here.