Singapore-headquartered Syfe has entered Hong Kong after securing type 1,4 and 9 licences from the Securities and Futures Commission (SFC).
Dhruv Arora, founder and chief executive at Syfe, said: “We see tremendous potential in the Hong Kong market given the current nascent stage of growth for digital wealth management platforms coupled with a high savings rate and rising cost of living. Syfe brings a truly differentiated offering to the market, combining decades of expertise, innovative products at a fraction of the cost that traditional institutions charge.
“As we grow our presence in Hong Kong, Syfe will continue to introduce unique solutions to meet the needs of users who are eagerly seeking new ways to grow their wealth. We are very confident of succeeding in Hong Kong as we have in Singapore.”
Syfe said that its mission is “to transform the way people across Asia manage their money”.
Arora added: “With Syfe making its entry into Hong Kong, the company is now firmly present in two of Asia’s leading wealth management hubs. We will continue to make broad strides toward our vision of being the leading digital investment platform across Asia.”
Manulife
In other news, insurance giant Manulife has launched ManuGlobal Saver to meet growing demand among Hong Kong investors looking to capture opportunities both locally and globally for long-term wealth accumulation.
ManuGlobal Saver is available in US dollar, Hong Kong dollar, Renminbi, Canadian dollar, Australian dollar, British pound sterling and Singapore dollar.
The range of currency options helps customers prepare for retirement, children’s education, or other financial goals in Hong Kong or overseas.
The plan has a currency switch option which allows customers to change the policy currency to meet their evolving needs at different life stages.
Danny Lee, chief product officer at Manulife Hong Kong and Macau, said: “Given the dynamic global environment, it is imperative for people to have access to wealth solutions that support their international ambitions at various stages of their life.
“The new plan offers great flexibility to support customers who are looking to secure the financial future of themselves or their children, in Hong Kong or abroad.
“When it comes to wealth accumulation, acting sooner buys customers time to reap the long-term potential benefits. ManuGlobal Saver complements Manulife’s current holistic saving portfolios, allowing customers to tap into the potential of global currencies.”
