04 June 2013

MIG Bank Opens New Subsidiary in Hong Kong

Lausanne, Switzerland and Hong Kong, China - 04 June 2013 - MIG Bank 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).

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."

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 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 Asia Limited. The group employs 130 people representing 53 nationalities and speaking +25 languages.

Source: MIG Bank