Fimatâs new banking status in Hong Kong will help leverage its operational organization in the region by providing clients with strong customer deposit protection due to stringent regulatory oversight and powerful shareholding. Benefiting directly from the newly acquired financial strength the bank will offer clients with new services such as increased financing capabilities and prime brokerage services, as well as more complex products.
âThis branch is a key addition to the existing Fimat network in Asia-Pacific*. The acquisition of banking status in Hong Kong follows a very rigorous process which illustrates our commitment to the Asia-Pacific region and to Hong Kong in particular.â said Patrice Blanc, Chairman and CEO of Fimat Group.
âWith the establishment of Fimat International Banque S.A., Hong Kong Branch as regional hub, Fimat customers will benefit from a quicker time-to-market for new products and services from Asia-Pacificâ commented Wessel Van der Scheer, CEO Fimat in Asia-Pacific.
Fimat in Hong Kong comprises 150 employees of whom more than 90 will be located in the new Fimat International Banque S.A. structure.
Fimat has been present in Hong Kong since 1993 through Fimat Hong Kong Limited (a participant of the HKEx and a licensed corporation of the SFC) and Fimat Derivatives Hong Kong Limited.