LAUSANNE, Switzerland and HONG KONG, June 4, 2013 /PRNewswire/ --
Business expansion will bring MIG closer to the Asian market
MIG Bank today announced that it has opened a new subsidiary in Hong Kong, MIG Capital Asia Limited. The office will be MIG Bank's hub to expand in Asia and improve its services and support for the Asian markets. After MIG Capital Ltd. based in London, this is the second subsidiary opened by MIG Bank in the last 12 months, as part of a multi-phase plan to expand globally.
Hong Kong was the logical next step in this global expansion, says MIG Bank CEO, Hisham Mansour, due to the growing interest in Forex in Asia. MIG Capital Asia is licenced and regulated by the Hong Kong Securities and Futures Commission (SFC).
"MIG Bank has significantly expanded its sales, marketing and technical team globally," said Mr. Mansour. "This is part of a strategic development plan that will allow us to further improve the scope and quality of our services to our rapidly growing network of customers and partners in Asia. The new office will play a key role in our expansion plans for Asia, strengthening our presence there and increasing our market share in the region."
The new MIG Capital Asia office is located in the Citibank Tower in the Central District, which serves as the heart of Hong Kong's trade and financial activities. The office is headed by MIG Capital Asia CEO, Brian Tsui, a recognized professional in the industry. With a Master's degree in Financial Management from the prestigious University of London and a Bachelor of Science from the University of British Columbia, Mr. Tsui has enjoyed more than a decade of successful management tenures in financial brokerage firms in Hong Kong.
"We want to provide better access to our trading solutions in Asia and give more exposure to our market research," Mr. Tsui said. In addition, MIG Capital Asia seeks potential relationships with key financial institutions and brokerage houses to explore business development partnership opportunities. "The opening of this new office underscores our commitment to growing our business and competing in Asia through direct communication, close proximity, technical support and enhanced training programmes."
"Demand is growing considerably, and our trading products and services will be tailored to meet our Asian customers' specific needs as part of our commitment to extending our presence and investment in this strategic growth market," concluded Mr. Tsui. "We're now poised to build the market, promote the MIG brand and provide our Asian clients with a new level of support that MIG Bank is known for in the global market."
The address of MIG Capital Asia is:
MIG Capital Asia Limited
Suites 2808-09, Level 28
Citibank Tower, 3 Garden Road
Central Hong Kong
About MIG Bank
MIG Bank is the largest bank in Switzerland specialised in providing online foreign exchange (FX), contracts for difference (CFDs) and precious metal trading, as well as an expanding range of banking services to private and institutional clients in over 120 countries worldwide. MIG Bank commits tooffering thehighest quality of service, security of funds, latest technology and deep liquidity together with a unique, fully transparent trading model for FX trading that guarantees best price execution. MIG Bank's team of financial and economic experts provides premium technical analysis and research reports in multiple languages for its clients on a daily basis. In addition, MIG Bank delivers world class business partnership solutions for banks, financial institutions and brokers through its white label, asset manager and business finder programmes
MIG Bank is regulated and supervised by the Swiss Financial Market Supervisory Authority (FINMA), and is ISO-certified for Quality Management & Information Technology Security Standards (9001 and 27001), offering the highest level of integrity and transparency to traders.
MIG Bank is headquartered in Lausanne, Switzerland, and has a representation office in Zurich and subsidiaries in London and Hong Kong: MIG Capital Ltd and MIG Capital AsiaLimited. The group employs 130 people representing 53 nationalities and speaking +25 languages.
Find out more at http://www.migbank.com.
SOURCE MIG Bank