SOLOWIN HOLDINGS Announces Strategic Expansion into Private Wealth Management Business
March 14 2024 - 8:15AM
SOLOWIN HOLDINGS (Nasdaq: SWIN) (“SOLOWIN” or the “Company”), a
securities brokerage company that offers comprehensive financial
services primarily to Chinese investors, today announced its
strategic expansion into the Private Wealth Management business
under its newly formed Hong Kong subsidiary, Solomon Private Wealth
Limited. The Company expects to serve a broad range of
high-net-worth individuals, family offices, and trusts, by offering
wealth management services and solutions that span traditional and
virtual asset classes.
Thomas Tam, Chief Executive Officer of SOLOWIN,
said, “We are dedicated to empowering our clients and investors
with a comprehensive suite of services that are designed to manage,
diversify, preserve, and grow wealth with confidence. We understand
the importance of capital preservation for our high-net-worth
clients, so we are strategically expanding our investment into our
private wealth management business to better serve the increasing
demand for high-quality services we are seeing from our
investors.”
To support this new expansion, the Company has
opened a new office in the International Commerce Center in Hong
Kong to house its growing team of professionals and to accelerate
its diversification into this fast-growing business. This office
also highlights SOLOWIN’s commitment to building an integrated
financial services infrastructure for next-generation
investors.
About SOLOWIN HOLDINGS
Based in Hong Kong, SOLOWIN HOLDINGS is a
versatile securities brokerage company strategically focused on
high-net-worth investors worldwide. It offers a wide spectrum of
products and services, spanning from traditional assets to virtual
assets through its advanced and secure one-stop electronic
platform, Solomon Win. Experiencing robust growth since 2021,
SOLOWIN HOLDINGS distinguishes itself through its main subsidiary,
Solomon JFZ (Asia) Holdings Limited (“Solomon JFZ”), licensed by
the Hong Kong Securities and Future Commission. Solomon JFZ
empowers the company to deliver unparalleled one-stop financial
solutions to both individual investors and corporate clients. The
diversified offerings include Securities Brokerage, Investment
Banking, Asset Management, Virtual Assets, and cutting-edge FinTech
Services. For more information, visit the company’s website at
http://ir.solomonwin.com.hk.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations and projections about future
events that the Company believes may affect its financial
condition, results of operations, business strategy and financial
needs. Investors can identify these forward-looking statements by
words or phrases such as “may,” “will,” “expect,” “anticipate,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,”
“potential,” “continue” or other similar expressions. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations that arise after
the date hereof, except as may be required by law. These statements
are subject to uncertainties and risks including, but not limited
to, the uncertainties related to market conditions and other
factors discussed in the “Risk Factors” section of the registration
statement filed with the SEC. Although the Company believes that
the expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and other
filings with the SEC. Additional factors are discussed in the
Company's filings with the SEC, which are available for review at
www.sec.gov.
For investor and media inquiries please
contact:
SOLOWIN HOLDINGSInvestor
Relations DepartmentEmail: ir@solomonwin.com.hk
Ascent Investor Relations LLCTina XiaoPhone:
+1-646-932-7242Email: investors@ascent-ir.com
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