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………
Matteo Andreetto, chief executive officer, STOXX Limited
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