STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a leading global provider of innovative and tradable index concepts, today announced the expansion of its presence in Asia Pacific with the opening of a new office in Hong Kong.
To drive the company’s expansion across key Asian markets, STOXX appointed Jay Lin as Sales Director for Greater China. Jay was formerly with JP Morgan Asset Management in Taiwan. This addition to STOXX’s team reflects the expansion plans of the index provider and the continuous growth of the Asia Pacific region.
“We are very pleased to have Jay join our team. Our presence in Hong Kong brings us closer to our local clients, especially in Greater China, and will help us service them more effectively,” said Matteo Andreetto, chief executive officer, STOXX. “With a product offering spanning the best-known and most widely-used indices for Europe, as well as an innovative suite of global smart-beta indices, STOXX is well positioned to offer market participants in Asia a superior choice of index concepts.”
The hiring is another milestone in STOXX’s Asia expansion. In 2016, STOXX entered into a memorandum of understanding (MoU) with Yuanta Securities Investment Trust Company (Yuanta SITC), the largest mutual fund company in Taiwan, and Mitsubishi UFJ Trust and Banking Corp. (MUTB), the leading Japanese trust bank, to expand the smart-beta footprint in Taiwan. STOXX also opened an office in Australia in 2015.
The new Hong Kong office increases the existing representative office of Deutsche Börse Group in this important financial center.
STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 7,500 strictly
rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX
Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists
of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin
America and BRIC (Brazil, Russia, India and China) as well as global markets.
To provide market participants with optimal transparency, STOXX indices are classified into three categories. Regular
“STOXX” indices include all standard, theme and strategy indices that are part of STOXX’s integrated index family and
follow a strict rules-based methodology. The “iSTOXX” brand typically comprises less standardized index concepts that
are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are
branded “STOXX” and “iSTOXX” are developed by STOXX for a broad range of market participants, the “STOXX
Customized” brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the
STOXX indices are licensed to more than 500 companies around the world as underlyings for Exchange Traded Funds
(ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in
Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's
number one and the world's number two position in the derivatives segment.
STOXX is part of Deutsche Boerse Group, and also markets the DAX indices