The operator of Deutsche Boerse Group’s index business is expanding its presence in Asia Pacific with the opening of a new office.
In 2016, Stoxx entered into a memorandum of understanding with Yuanta Securities Investment Trust Company, the largest mutual fund company in Taiwan, and Japan's Mitsubishi UFJ Trust and Banking, to expand the smart-beta footprint in Taiwan.
Stoxx also opened an office in Australia in 2015.
Robust Growth
To drive the company’s expansion across key Asian markets, Stoxx has now opened in Hong Kong and also appointed Jay Lin as sales director for Greater China. Lin made the move from J.P. Morgan Asset Management in Taiwan where he spent nearly six years as vice president of institutional sales.
On the back of robust growth in the Asia Pacific the company said it intends to continue expanding in the region. «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.
