Press Release

HSBC collaborates with Saxo to enhance its digital investment offerings in Singapore

HSBC Bank (Singapore) Limited (HSBC Singapore) today announced that it has entered into an agreement with Saxo Bank A/S (Saxo) to adopt its end-to-end, self-directed trading infrastructure for equities investments. 

The collaboration will enable HSBC Singapore to strengthen its equities investment offering to all retail banking customers, including those residing overseas. By incorporating Saxo’s trading infrastructure to HSBC Singapore’s digital platform, HSBC customers will gain access to new platform functionalities, expanded global market access and enhanced user experience.

Mr Anurag Mathur, Head of Wealth and Personal Banking, HSBC Singapore, “To meet our customers’ need for best-in-class digital banking and wealth solutions, we need to work with like-minded partners to scale up our digital capabilities at pace. Saxo’s well-reputed trading infrastructure will allow us to boost our equities trading capabilities and deliver an end-to-end solution to our customers.”

Ms Lavanya Chari, Global Head of Investments and Wealth Solutions, Wealth and Personal Banking, HSBC, “Our customers want investing to be simple, fast and integrated with their everyday banking. Through this collaboration, we’ll be able to accelerate the delivery of a market leading trading platform for our Singapore customers, opening up a world of opportunity and helping them grow their wealth.”

Mr Adam Reynolds, APAC CEO, Saxo, “We are very excited to enter into this agreement with HSBC which supports Singapore’s position as an International Wealth Hub. Singapore will be the first in HSBC to adopt our trading platform, and we are excited to be combining natural synergies from both companies to deliver an enhanced trading and investment experience for HSBC customers. Saxo’s OpenAPI technology provides best-in-class efficiency and scalability investment and trading architecture, while allowing HSBC to focus its energies and resources into client servicing and experience. We look forward to this collaboration which aims to reduce cost and complexity, and accelerate the development of a fully digital wealth experience for HSBC customers.” 

HSBC’s ambition is to become Asia’s #1 wealth management provider in five years, and digitalising its wealth capabilities at scale with a mobile-first approach is key. 

Being central to the Group’s Asian Wealth ambitions, HSBC Singapore will continue to accelerate the digitalisation of its banking services and wealth solutions. To better enable its ability to support virtual banking as an International Wealth Hub, HSBC has introduced more than 60 remote-enabled processes and customer servicing journeys since 2020. 

Building on the momentum, HSBC Singapore has released a suite of mobile-led digital solutions and customer journeys this year. 

In particular, HSBC customers can get a 360 view of their financial holdings including equities in Singapore via HSBC FinConnect which taps on SGFinDex, an industry platform for open banking. They can now open investment accounts for various asset classes including unit trusts and equities; get a consolidated view of their investments via Wealth Portfolio Plus; and update their risk profile, W8-Ben and other investment documents through the Wealth Dashboard, by using their mobile. In addition, Premier and Jade International customers in Hong Kong and mainland China can open an account with the bank digitally.

Yvette Lim
Head of PR APAC and Strategic Communications
Saxo Bank

+45 31 39 45 04 (DK) 

Saxo Markets Singapore is a licensed subsidiary of Saxo Bank, a leading Fintech specialist that connects people to investment opportunities in global capital markets. Saxo Markets has operated in Singapore since 2006 and serves as the APAC headquarters. As a provider of multi-asset trading and investment, Saxo’s vision is to enable people to fulfil their financial aspirations and make an impact. Saxo’s user-friendly and personalised platform experience gives investors exactly what they need, when they need it, no matter if they want to actively trade global markets or invest into their future.

Saxo Bank is a leading Fintech specialist that connects people to investment opportunities in global capital markets. As a provider of multi-asset trading and investment, Saxo Bank’s vision is to enable people to fulfil their financial aspirations and make an impact. Saxo’s user-friendly and personalised platform experience gives investors exactly what they need, when they need it, no matter if they want to actively trade global markets or invest into their future.

Founded in 1992, Saxo Bank was one of the first financial institutions to develop an online trading platform that provided private investors with the same tools and market access as professional traders, large institutions, and fund managers. Saxo combines an agile fintech mindset with close to 30 years of experience and track record in global capital markets to deliver a state-of-the-art experience to clients. The Saxo Bank Group holds four banking licenses and is well regulated globally. Saxo offers clients around the world broad access to global capital markets across asset classes, where they can trade more than 71,000 instruments in over 26 languages from one single margin account. The Saxo Bank Group also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients via its open banking technology.

Headquartered in Copenhagen, Saxo Bank’s client assets total more than 100 bn USD and the company has more than 2,500 financial and technology professionals in financial centers around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo. For more information, please visit:

HSBC Group’s history in Singapore dates back to 1877 when its founding member, The Hongkong and Shanghai Banking Corporation Limited, opened its first branch on the island. A qualifying full bank, HSBC in Singapore offers a comprehensive range of banking and financial services including retail banking and wealth management; commercial, investment and private banking; insurance; forfaiting and trustee services; securities and capital markets services. One of the earliest banks to establish in Singapore, HSBC today is a prominent player in Singapore's financial services sector serving the banking needs of multi-national corporations, home-grown businesses, private banking clients, institutional and retail customers. In May 2016, HSBC locally incorporated its retail banking and wealth management business in Singapore and established, HSBC Bank (Singapore) Limited.  HSBC Singapore has a retail network of nine dedicated HSBC Premier Centres and two HSBC Jade Centres including an International Wealth Hub as well as many locations across the island providing self-service terminals.
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of $2,969bn at 30 September 2021, HSBC is one of the world’s largest banking and financial services organisations. 

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