Forsyth Barr goes global
The sharebroker has recently opened an office in Hong Kong to service the main Asian markets and provide local advisers with better research.
Sharebroker Forsyth Barr has set up a sales trading and execution business in Hong Kong.
Forsyth Barr Asia began operating recently after obtaining a licence from Hong Kong’s Securities and Futures Commission, the company said today.
The new Asian-based business will provide services to fund managers dealing mainly in the main Asian markets, with an initial staff of nine.
It will operate autonomously from Forsyth Barr NZ but be part of the same group.
Forsyth Barr managing director Neil Paviour-Smith says the opportunity to hire “proven performers” in Hong Kong and set up a business there was too good to pass by.
The company sees Forsyth Barr Asia as having the potential to help its New Zealand-based advisers with information and research from “relatively low levels at present” as well as growing by itself.
“Forsyth Barr has a wide range of international relationships and our Asian business will complement those with further insights and ideas for our advisers and clients to tap into.
“In addition, the business will complement our domestic institutional equities business and support investment banking clients seeking to raise capital or to IPO and where access to a wider pool of Asian-based investors can be facilitated through this Hong Kong-based operation.”
Forsyth Barr’s local business has 20 offices around the country, with more than $4 billion under portfolio management and monitoring services.
Hamish McNicol
Wed, 11 Mar 2015
Wed, 11 Mar 2015
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Forsyth Barr goes global
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