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SOLOWIN HOLDINGS Announces Strategic Expansion into Private Wealth Management Business
2024-03-14 06:15 ET - News Release
HONG KONG, March 14, 2024 (GLOBE NEWSWIRE) -- SOLOWIN HOLDINGS (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors, today announced its strategic expansion into the Private Wealth Management business under its newly formed Hong Kong subsidiary, Solomon Private Wealth Limited. The Company expects to serve a broad range of high-net-worth individuals, family offices, and trusts, by offering wealth management services and solutions that span traditional and virtual asset classes.
Thomas Tam, Chief Executive Officer of SOLOWIN, said, “We are dedicated to empowering our clients and investors with a comprehensive suite of services that are designed to manage, diversify, preserve, and grow wealth with confidence. We understand the importance of capital preservation for our high-net-worth clients, so we are strategically expanding our investment into our private wealth management business to better serve the increasing demand for high-quality services we are seeing from our investors.”
To support this new expansion, the Company has opened a new office in the International Commerce Center in Hong Kong to house its growing team of professionals and to accelerate its diversification into this fast-growing business. This office also highlights SOLOWIN’s commitment to building an integrated financial services infrastructure for next-generation investors.