As a result of growing client enquiries and peer group analysis, the Board has now established a wholly owned subsidiary company (Global Investment Strategy (HK) Limited) and offices in Hong Kong. It has a Type 1 Licence with the Securities and Futures Commission (SFC) to provide custody and settlement services to clients in the Asia Pacific region.
This new opportunity will allow GIS to provide a more competitive offering to existing clients as well as develop new revenue streams where we intend to develop coverage for larger family offices in that time zone as well as global funds currently under-resourced by their existing service providers. Over the medium term, we also see this expansion as a conduit allowing us to service Asian-based asset managers with an interest in our core UK offering.
We also believe that a regulated local presence in Hong Kong will assist our UK Platform through identifying new technology based efficiencies for our global clients.
Once again GIS seeks to leverage off its operational capabilities and attract new clients in one of the world’s most dynamic and entrepreneurial markets. The Asia Pacific markets offer an opportunity for GIS to grow revenues and profitability with limited impact on operating costs.
We have already started soft marketing in the region and hope to build on the existing client base we already have there.
As a result of growing client enquiries and peer group analysis, the Board has now established a wholly owned subsidiary company (Global Investment Strategy HK Limited) and offices in Hong Kong. It has Type 1 Licence with the Securities and Futures Commission (SFC) to provide custody and settlement services to clients in the Asia Pacific region.
This new opportunity will allow GIS to provide a more competitive offering to existing clients as well as develop new revenue streams where we intend to develop coverage for larger family offices in that time zone as well as global funds currently under-resourced by their existing service providers. Over the medium term, we also see this expansion as a conduit allowing us to service Asian-based asset managers with an interest in our core UK offering and we are evaluating the KYC implications of this as part of our initial expansion.
We also believe that a regulated local presence in Hong Kong will assist our UK Platform through identifying new technology based efficiencies for our global clients.</h5
Once again GIS seeks to leverage off its operational capabilities and attract new clients in one of the world’s most dynamic and entrepreneurial markets. The Asia Pacific markets offer an opportunity for GIS to grow revenues and profitability with limited impact on operating costs.
We have already started soft marketing in the region and hope to build on the existing client base we already have there.
