The expansion will also channel future strategic partnerships in the region.
Invast Global, a specialist multi-asset prime brokerage, has announced a new Hong Kong office in order to address growing client demand in the face of restrictive global financial reforms.
Since its birth in 2012, the Sydney-headquartered company has focused in the institutional brokerage industry across the globe. The launch of a subsidiary company based in the Chinese Special Administrative Region of Hong Kong marks a new phase. Invast Global (Hong Kong) Ltd will target Asia-focused institutional clients and provide them with an alternative to the traditional bank-based prime services offerings.
Gavin White, Chief Executive Officer of Invast Global, commented:
“Hong Kong is a hotbed of start-up and emerging hedge funds and brokerages […] We’ve built a reputation for being at the forefront of new technology, winning awards for innovation, whilst maintaining a human, flexible and client-centric approach […] We believe this dynamic and exciting market strongly complements our trademark, responsive and high-tech approach and we look forward to giving Hong Kong’s innovative businesses an alternative to the traditional bank-based prime broker service offerings.”
“Over the past six years, we’ve seen a growing vacuum in the market as traditional investment banks curb their business lines in response to increasingly restrictive global regulatory reforms — and that suits us […] We believe demand for alternatives to traditional global investment bank offerings will continue to accelerate over the coming decades as scheduled regulatory reforms take effect and outdated, legacy technology systems continue to constrain the ability of the banks to evolve and compete”, added White.
The Hong Kong team is made of 6 people with a strong understanding of the local landscape and will be headed by local multi-lingual technology specialist Marcus Fung, who is a senior executive at Invast since 2013.
Marcus Fung, Chief Executive Officer at Invast Global (Hong Kong), said:
“Our service is about providing efficient, cost-effective connectivity to liquidity and execution venues, combined with data and analysis — and communicating our findings to the client in the quickest, most concise, practical and least expensive way […] Finding the best and most appropriate liquidity, designing the best execution techniques, providing the most efficient, most bespoke and responsive ancillary services — without proper analysis and advice on these factors, our clients risk slipping behind. This is a real threat to small, medium and emerging firms, and it is one we are focused on solving for our clients.”
Now based in Sydney and Hong Kong, Invast Global provides prime services to small/mid-sized hedge funds, asset managers, proprietary trading firms, other brokerages, and banks. The firm has reported multi-asset turnover exceeding AU$100bn monthly. Invast Global is a subsidiary of Invast Securities, a Japan-based Forex and Securities brokerage with 60 years of history.
Invast Global has demonstrated strong support for the concept and spirit of the FX Global Code of Conduct.