Shih comes to the new position with 18 years of industry expertise.
He formerly held prominent roles with HSBC, JPMorgan Chase, and other financial institutions.
Ken Shih has been named as the Head of Wealth Management in Greater China by SAXO MARKETS, the licensed subsidiary of Saxo Bank, a fintech expert that links consumers to investment possibilities in global capital markets.
Shih's hiring was announced on Tuesday by the online trading and investing expert, who said that the industry veteran would help expand its digital wealth management service in the area.
Shih's new job comes less than a month after the multi-asset trading services company hired Redmond Wong in Hong Kong. Wong was hired to help the company improve its global investment strategy and develop research on Hong Kong and mainland China.
Shih, an 18-year financial industry veteran, formerly held key sales and strategy roles at HSBC, UBS, JPMorgan Chase, and other prominent financial organizations in both the United States and Hong Kong, stated SAXO MARKETS in a statement.
Shih joins Saxo Markets after three years as the Head of Sales and Marketing at AQUMON, a Hong Kong-based fintech start-up.
Shih “increased the customer base tremendously and boosted the brand significantly in the digital wealth management area” at Magnum Research Limited's digital wealth management business. He's likely to do the same at Saxo Markets.
Shih, who will be located in Hong Kong, will report to Richard Douglas, Chief Executive Officer of Saxo Markets in Hong Kong.
Shih “certainly provides the experience and amazing enthusiasm we're looking for,” Douglas said of the veteran's hiring.
“With his addition and the Type 4 and Type 9 licenses we got last October, Saxo is well-positioned and completely dedicated to the wealth management business, which is an essential component of Saxo's overall aim,” Douglas added.
Through our multi-asset trading and investing products, we strive to provide more complete services to enable customers to attain their financial ambitions, he said.
People at Saxo Markets Asia Pacific say that Shih will play a big part as the company grows and improves its customers' entire investing journeys, which will make them more satisfied.
“Saxo has significant intentions to aggressively develop our company in Asia, with Greater China representing a key point in these objectives,” Prasad stated. Saxo, a pioneer in the field of fintech, can offer investors a new way to manage their assets and wealth through its award-winning platforms.
“We want to create a digital wealth experience that will be easy to use, offer a wide range of personalized investment options, be interesting, and cost a reasonable amount.”
By taking this “challenge” head-on, Shih says he can help the team right away by helping the company's customers meet their financial goals.
“I'm thrilled to take on this job and contribute to Saxo's wealth management growth in Greater China.” Shih said that Saxo was “a great company with 30 years of experience in the fintech industry.”
“With a solid technology stack, smart people all over the company, a wide range of global markets and products, and a deep understanding of our customers, I have no doubt we can make a top-notch digital wealth management service and experience for investors.”
Saxo's Cabinet Has Been Reshuffled
According to Finance Magnates, Saxo Markets has made at least three hires since the beginning of the year.
In January, the Saxo subsidiary in the United Kingdom added Nicholas Wilcock and Michael Ridley to its Board of Directors. They are Non-Executive Directors who bring a lot of commercial, regulatory, and operational experience to the company's growth.
Next, the subsidiary named Peter Morris, the former Managing Director, Global Brokerage Operations at BGC Partners as its new Chief Operating Officer (COO). Wilcock and Ridley were both hired by the parent company.
