Nippon Wealth Limited (NWB), a Restricted License Bank, was granted a license by the Securities and Futures Commission of Hong Kong (SFC) to offer banking and securities services in Hong Kong on September 25, 2015. NWB will offer these services and is set to launch full-scale operations on Monday, October 12, 2015.
NWB, a wholly owned subsidiary of OJBC Co. Ltd (a financial holding company from the British Virgin Islands), was founded as a wealth management financial institution by Japanese and Hong Kong companies. These publicly listed companies include Shinsei Bank, Monex Group, AD Capital, Convoy Financial, and Tokyu Livable.
Christopher Flowers, a director at Shinsei Bank with a solid background in financial services, believes that it is impossible to turn banking into a completely risk-free utility. However, as Asia’s largest and the world’s third-largest financial market, Hong Kong offers individual investors secure, world-class asset management products that include a wide variety of superior financial products globally. This makes it a great location for NWB’s partners to come together.
NWB is a company that is committed to becoming a value-driven financial institution, creating long lasting growth for clients and strategic partners. With a main focus of providing banking services and other tailor-made financial solutions for clients, NWB offers face-to-face services (with a management team that draws expertise from many years of experience working in financial institutions worldwide) in multiple languages for customers, including Japanese, English, and Cantonese.
Unlike many private banks (who require a minimum amount of $1 million or more), NWB allows individual investors a minimum amount of $100,000 to open an account. NWB strives to provide wealth management and administration services to a broader client base from their specialized professionals.
To view the official announcement of the joined forces, click here.