Saxo Markets appoints Sean Ma as Head of Saxo Institutional based in Hong Kong to further expand the institutional offering across the Greater China region
Saxo Institutional covers both wholesale client (B2B2C) and direct B2B client businesses. Wholesale clients who are typically banks, brokers, wealth managers and fintech firms worldwide, have been leveraging on Saxo Group’s Business-as-a-service (Baas) digital value chain since 2001. Through a collaboration with Saxo, they are able to provide a comprehensive set of investment products and services via digital platforms, without requiring heavy capital expenditure or continuous maintenance of systems and operations, since they are fully taken care of by Saxo’s BaaS. This further allows Saxo’s partners to focus on servicing their clients and redeploying their capital to efforts on tailoring the user experience using technology, a key differentiator that separates them from the pack. Partners can achieve this by using a combination of the various customisable user interfaces that Saxo provides and integrating with Saxo’s infrastructure through a holistic set of APIs which the platforms are themselves built on top of.
Apart from wholesale, Saxo Institutional has an equally solid track record in offering B2B services comprising of prime brokerage and execution services to hedge funds, family offices, prop traders, and corporate hedgers. Saxo provides our B2B clients with access to an extensive set of asset classes ranging from cash products such as stocks, bonds, mutual funds, to derivatives such as futures and options (listed and OTC) in a single account. The combination of Saxo’s trusted brand, working in robust regulatory environments with 13 licenced entities globally including in Hong Kong, together with its digital first brokerage and custodian services make Saxo Markets the first choice for B2B clients of all sizes. Saxo Institutional’s dedicated service team will ensure that our B2B clients have direct contact points 24-hours a day, especially for those critical moments in a volatile market.
Ma will report to Ivan Chang, Regional Head of Saxo Institutional, APAC, and will be responsible for leading the Institutional team, exploring business opportunities and driving growth in the region. Based in Hong Kong, Ma will also report to Richard Douglas, CEO of Hong Kong.
Richard Douglas, CEO of Hong Kong, Saxo Markets, comments, “Hong Kong has always been an international financial hub with financial institutions of all sizes servicing clients worldwide. As a FinTech pioneer with award-winning platforms and 30 years of experience, Saxo is well-positioned to work with more institutional clients in the region to accelerate their digital transformation and improve end client experience. Ma brings the expertise and energy we’re looking for and bolsters our overall ambition in the region across both retail and institutional segments.”
Ivan Chang, Regional Head of Saxo Institutional, APAC, Saxo Markets, comments, “In APAC, we currently work with partners in many sectors. They come to us for a seamlessly integrated and outsourced digital value chain, which allows them to reduce cost and complexity, and focus on their clients. Ma will play a key role as we continue to grow regionally, and we look forward to welcoming more partners in Hong Kong and the region.”
Prior to joining Saxo, Ma has been with top financial institutions in the securities and futures industry and FinTech related sectors. With over a decade’s experience, Ma was in several senior management roles and was the founding member of two Hong Kong licensed firms, leading the team to fully operational and break even within one year. Half of his career time is spent in Hong Kong, and the other half is in mainland China.
Commenting on his appointment, Ma says, “It’s my great honour to take on this role and lead the team in the region. The Institutional commercial area is a crucial piece for Saxo. I’m excited to be a part of the growth of a global FinTech pioneer like Saxo. I’m looking forward to contributing to the team and helping our institutional partners to achieve their goals.”
Saxo Markets is a licensed subsidiary of Saxo Bank, a leading Fintech specialist that connects people to investment opportunities in global capital markets. In Hong Kong, Saxo Markets has operated since 2011 and has been serving as a gateway for Saxo in the region. 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 billion USD and the company has more than 2,500 financial and technology professionals in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.