Sal. Oppenheim Extends Its Securities Lending Program Into Hong Kong

    HONG KONG, November 28, 2020 /24-7PressRelease/ -- Reflecting on his appointment as the Executive Vice President of Sal. Oppenheim to spearhead the securities lending program in Hong Kong and the region, Amos Chong said: "Oppenheim's distinguished securities lending program is rapidly gaining attention in the global markets as the demand for alternative financing increases. After an overwhelming response in Europe and Latin America, Sal. Oppenheim now sees a huge opportunity in the Asian markets, and it is in this respect I am delighted to have the opportunity to extend Sal. Oppenheim's presence into Hong Kong and the region."

Craige Stevenson, Private Banking Division - "Sal. Oppenheim understands that it is imperative that we work closely with the strongest markets in the world. Hong Kong is and has always been known and major international financial hub of the world. We know a strong presence in Hong Kong can show our financial strength. I know Amos Chong Executive Vice President will do great things at Oppenheim, with the teams full backing 2021 looks to be a strong year for Sal. Oppenheim and its Private Client division."

Michael Krüger, Private Banking Division at our European Desk, says "Amos Chong shows strong leadership skills and we know he will guide the corporation well. As our newly appointed Executive Vice President, Amos, will forge new partnerships combining with our entrepreneurial strength, with this, we know that he can show his strengths. Hong Kong is a well-known financial hub to the world, and we are strengthening our ties with this great city with the means of increasing our financial reach to fund our Asian counterparts."

Sal. Oppenheim is a premier European provider of wealth management and multi-faceted Mergers & Acquisitions services in all aspects of debt and equity financing, restructuring valuation, and strategic consulting. In 2019, Sal. Oppenheim ventured into securities lending as part of its investment strategy and earmarked €5 billion for this initiative. In 2020 alone, Sal. Oppenheim intends to fund approximately €500 million under this program. Oppenheim prides itself for its strong partnership with licensed local financial institutions and strong global custodian banks including Credit Suisse, Citibank, Deutsche Bank and HSBC, to help safeguard clients' assets.

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