FRANKFURT, Germany, Nov. 8, 2018 /PRNewswire-iReach/
Wildex Investment, an independent provider of alternative investment and wealth management solutions has established a presence within the European Union, selecting Frankfurt as the location of its EU based operation.
Headquartered in Hong Kong, Wildex Investment is supported by its US arm based in New York. The additional Frankfurt office will be primarily used for administrative purposes as the firm continues to provide its global client base with access to a wider range of alternative investment services.
To develop the Frankfurt office, the firm has appointed Mr. Michael Wright as its Senior Administrative Officer. Mr. Wright has served in an executive capacity for Wildex Investment Hong Kong since 2006, and will be responsible for completing the application processes for the licenses to operate as a fully authorized advisory.
"We chose Frankfurt to house our EU base over the possibility of London to simply bypass the complications posed by the UK's exit from Europe. At this stage it remains unclear as to what the implications will be for UK based firms come next year. Frankfurt was the obvious choice as we position ourselves alongside a number of large financial institutions and banking service providers, many of which we work with out of our Hong Kong and New York offices," commented Wright.
In securing the relevant EU Directive 2004/39/EC on Markets in Financial Instruments (MiFID or MiFID I), EU directive 2011/61/EU on Alternative Investment Fund Managers (AIFMD), and EU directive 2009/65/EC on the Coordination of Laws, Regulations and Administrative Provisions Relating to Undertakings for Collective Investment in Transferable Securities (UCITS), Wildex Investment EU will be authorized to offer investment funds and services across a single European market consisting of 28 active states.
"Whilst our European based clients will have the option to continue working with our advisers in Hong Kong, we anticipate that many will welcome the chance to access our services a little closer to home, and will perhaps benefit from regional tax incentives, currency exchanges and bank transfer charges."
Existing EU based clients are advised to contact their Wildex Investment representative for further information.
About Wildex Investment
Wildex Investment is an independent alternative asset manager, providing a global client base with a tailored approach to the management of their financial responsibilities.
From our Hong Kong, New York and Frankfurt locations, we continue to serve the dynamic needs of private investors, their families and their businesses as together we work towards the consistent delivery of absolute investment returns.
Media Contact: Michael Wright, Wildex Investment, +49 69 8088 3719, email@example.com
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SOURCE Wildex Investment