From Hong Kong to the World: WealthTech Platform for EAMs and Family Offices
Global FinTech wealth management platform iFAST finds endless opportunities for growth in the dynamic city of Hong Kong.
Hong Kong, with its unique rhythm, diverse cultures and a rich array of professional talent, stands as a leading international financial centre.
Since expanding to Hong Kong in 2007, Singapore Exchange-listed wealth management FinTech firm iFAST Corporation Ltd. has been leveraging the city’s many advantages to bring its suite of investment products and FinTech solutions to more business partners across the Asia-Pacific region.
Tapping into Hong Kong’s strategic position and status as a global financial hub, iFAST Financial (HK) Ltd. has been able to expand its footprint across a wide range of international markets. The city’s expertise in wealth management and FinTech innovation has also played an important role in empowering the company to provide the best-in-class services and experiences to its growing portfolio of esteemed clients.
Never-ending Growth Opportunities
Bolstered by its presence in Hong Kong, the company currently offers more than 24,500 investment products to over 740 business partners globally, including family offices, external asset managers, banks, financial advisory firms, securities firms and financial institution investors.
“Hong Kong, with its unique rhythm, diverse cultures and rich array of professional talent, stands as a leading international financial centre. Renowned for its robust financial and legal systems, it was an ideal choice for iFAST Corp’s expansion in 2007,” said Glory Lau, General Manager of Platform Services at iFAST Financial (HK) Ltd.
For iFAST Financial HK, the Hong Kong government offers a wealth of opportunities for growth in new and exciting ways. The company participated in InvestHK’s Hong Kong FinTech Week, where it was able to explore potential collaborations with various partners. Earlier in 2024, the company also expanded its services beyond wealth management by obtaining approval from the Securities and Futures Commission of Hong Kong to act as the custodian of open-ended funds.
Furthermore, Hong Kong’s position as a gateway to Mainland China presents a vast range of opportunities for firms like iFAST Financial HK. In particular, the company sees great potential in participating in the Guangdong-Hong Kong-Macao Greater Bay Area, especially with initiatives like the Cross-boundary Wealth Management Connect Scheme creating new business opportunities for the investment and finance industries.
The Talent to Succeed
The iFAST Hong Kong office currently has over 300 staff members and aims to recruit more diverse talent to support its expansion plans.
“Hong Kong’s skilled workforce and international talent pool provide a competitive advantage for companies looking to establish a presence in the financial services sector,” said Lau, adding that the iFAST Hong Kong team is made up predominantly of local staff, demonstrating the depth of talent available in the city.
“We continue to have strong confidence in Hong Kong’s local talent, whose expertise in finance, technology and compliance has significantly strengthened our company’s capabilities and operations. This local talent, combined with a global outlook, positions us well for continued growth and success,” Lau concluded.
Fast Facts
- iFAST Corporation is a digital banking and wealth management platform, incorporated in 2000 in Singapore and listed on the Mainboard of the Singapore Exchange in December 2014. The Group is also present in Hong Kong, Malaysia, Mainland China, and United Kingdom, with assets under administration (AUA) of US$17.72 billion as of 30 September 2024
- iFAST platforms cater to the specialised needs of more than 740 financial advisory companies, financial institutions, banks and internet companies with over 13,300 wealth advisers
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