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Saxo Markets Selects Ken Shih to Lead Digital Wealth Services in Greater China

Saxo Markets, the licensed subsidiary of Saxo Bank, a fintech
specialist that connects people to investment opportunities in global capital
markets, has appointed Ken Shih the Head of Wealth Management, Greater China.

The online trading and
investment specialist announced Shih’s appointment on Tuesday, noting that the
industry veteran will help to strengthen its digital wealth management service
in the region.

Shih’s onboarding comes less
than a month after the multi-asset trading services provider hired Redmond Wong
in Hong Kong to reinforce its global investment strategy and generate research
works focused on Hong Kong and mainland China.

“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,” Saxo Markets said in a statement.

Shih is joining Saxo Markets
after spending three years as the Head of Sales and Marketing at Hong
Kong-based fintech start-up, AQUMON.

At the digital wealth
management startup owned by Magnum Research Limited, Shih “grew the client base
substantially and lifted the brand significantly in the digital wealth
management space.” He is expected to replicate same at Saxo Markets.

To be based in Hong Kong,
Shih is to report to Richard Douglas, the Chief Executive Officer of Saxo Markets
in Hong Kong.

Speaking on the veteran’s
appointment, Douglas said Shih “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,” Douglas said.

He added, “We aim to provide
more comprehensive services to support clients achieving their financial
aspirations through our multi-asset trading and investment offerings.”

Manish Prasad, the Head of
Asset Management, Saxo Markets, Asia Pacific, believes that Shih will play a
key role as the service provider continues to grow in the region and improve its
clients’ overall experiences along their investment journeys.

Prasad explained: “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.”

On his part, Shih said he
has accepted “this challenge head on” and is looking forward to bringing
immediate value to the team by helping the company’s clients achieve their
wealth goals.

“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,” Shih said.

“With a strong technology
stack, talented individual 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,” he added.

Saxo’s Cabinet Shuffling

Since the beginning of the
year, Saxo Markets has made at least three appointments, as reported by Finance
Magnates
.

In January, the Saxo
subsidiary expanded its Board of Directors in the UK by appointing Nicholas
Wilcock and Michael Ridley as Non-Executive Directors to onboard their extensive
commercial, regulatory and operational experiences to drive the company’s
expansion.

The subsidiary followed up Wilcock
and Ridley’s appointments by naming Peter Morris, the former Managing Director,
Global Brokerage Operations at BGC Partners, as its new Chief Operating Officer
(COO).

Saxo Markets, the licensed subsidiary of Saxo Bank, a fintech
specialist that connects people to investment opportunities in global capital
markets, has appointed Ken Shih the Head of Wealth Management, Greater China.

The online trading and
investment specialist announced Shih’s appointment on Tuesday, noting that the
industry veteran will help to strengthen its digital wealth management service
in the region.

Shih’s onboarding comes less
than a month after the multi-asset trading services provider hired Redmond Wong
in Hong Kong to reinforce its global investment strategy and generate research
works focused on Hong Kong and mainland China.

“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,” Saxo Markets said in a statement.

Shih is joining Saxo Markets
after spending three years as the Head of Sales and Marketing at Hong
Kong-based fintech start-up, AQUMON.

At the digital wealth
management startup owned by Magnum Research Limited, Shih “grew the client base
substantially and lifted the brand significantly in the digital wealth
management space.” He is expected to replicate same at Saxo Markets.

To be based in Hong Kong,
Shih is to report to Richard Douglas, the Chief Executive Officer of Saxo Markets
in Hong Kong.

Speaking on the veteran’s
appointment, Douglas said Shih “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,” Douglas said.

He added, “We aim to provide
more comprehensive services to support clients achieving their financial
aspirations through our multi-asset trading and investment offerings.”

Manish Prasad, the Head of
Asset Management, Saxo Markets, Asia Pacific, believes that Shih will play a
key role as the service provider continues to grow in the region and improve its
clients’ overall experiences along their investment journeys.

Prasad explained: “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.”

On his part, Shih said he
has accepted “this challenge head on” and is looking forward to bringing
immediate value to the team by helping the company’s clients achieve their
wealth goals.

“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,” Shih said.

“With a strong technology
stack, talented individual 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,” he added.

Saxo’s Cabinet Shuffling

Since the beginning of the
year, Saxo Markets has made at least three appointments, as reported by Finance
Magnates
.

In January, the Saxo
subsidiary expanded its Board of Directors in the UK by appointing Nicholas
Wilcock and Michael Ridley as Non-Executive Directors to onboard their extensive
commercial, regulatory and operational experiences to drive the company’s
expansion.

The subsidiary followed up Wilcock
and Ridley’s appointments by naming Peter Morris, the former Managing Director,
Global Brokerage Operations at BGC Partners, as its new Chief Operating Officer
(COO).

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