Following the establishment of an office in Toronto in January, German Index provider Solactive AG has now set up its second international business entity in Hong Kong.
The new office houses a dedicated team of professionals who provide customised indexing solutions for ETFs and other index-linked investment products as well as ETF services such as calculation of the Indicative Optimized Portfolio Value (IOPV) and creation of the Portfolio Composition File (PCF).
Operating from Toronto, Frankfurt, and Hong Kong, Solactive is now able to provide its services across all time zones. This step also denotes an opportunity to further establish long-term partnerships with local clients and strengthen the footprint in the Asia-Pacific region.
Steffen Scheuble, CEO at Solactive, says: “This is an exciting time for Solactive. The opening of our new entity in Hong Kong marks a huge milestone for the company since we are now able to provide 24-hours-service for our clients, making us one of the few globally operating index providers with a multi-asset offering.”
In the past two years, Solactive not only expanded globally in order to display its dedication to improve its services for international clients but also invested into two additional offices in Germany, Berlin and Dresden, which are responsible for IT infrastructure and development as well as machine learning, data mining and artificial intelligence in order to continuously push innovation to deliver superior results.
With entities in five locations, Solactive is now strategically well positioned to offer clients long-term added value and reliable tailor-made indexing solutions.