【Singapore - April 20, 2022】
Moomoo Financial Singapore Pte. Ltd. (「moomoo SG」) (「moomoo」) is the first digital brokerage to partner with a global private bank in Singapore, in a deal that will bring more value to accredited investors and family offices.
This partnership announcement comes hot on the heels of moomoo SG (moomoo) in February becoming the first digital brokerage to receive all Singapore Exchange (SGX) memberships approvals-in-principle.
Singapore – Moomoo Financial Singapore Pte. Ltd. (「moomoo SG」) (「moomoo」) and Barclays Private Bank (Singapore branch) have entered into a strategic partnership to create more value for accredited investors in the fast-evolving financial services space. Moomoo SG, a subsidiary of the Nasdaq-listed, Tencent-backed Futu Holdings (「Futu」), offers financial products for trading via the investment superapp, moomoo.
As part of the collaboration, moomoo SG's ultra-high-net-worth (UHNW) clients will be able to access Barclays Private Bank's products and services, as well as collaborative research across asset classes through publications and combined events.
UHNW individuals and family offices with a moomoo account will be able to access Barclays Private Bank's bespoke solutions for United Kingdom and Europe property financing, discretionary portfolios, structured financing, direct investments, as well as sustainability and impact investment opportunities.
Last month, Futu's founder, Mr Leaf Li, who invented 23 international and domestic patents while working at Tencent as its 18th employee, met virtually with senior management of Barclays Private Bank, including the bank's Singapore leadership. Moomoo SG (moomoo)'s Chief Executive Officer, Mr Ivan Mok and Managing Director, Mr Gavin Chia was also present to ink the deal.
Mr. Gavin Chia, Managing Director of moomoo SG (moomoo) said: 「The next-generation investor wants investing to be smarter, faster, and more personalised than ever before. Clients of moomoo like the platform for its high-tech, digital-first and social capabilities that allow them to explore market opportunities and gain advantage with the speed of technology.
「As the financial services industry gets increasingly digitalised and sophisticated, we are excited to introduce to our investors expanded market access and new investment offerings through this first-of-its-kind partnership with Barclays Private Bank. As partners in the business of finance and innovation, we are joining hands to create a dedicated investment concierge team that emphasises personalisation, reliability and first-class service for these clients to enhance their investment experience.」
In February, moomoo SG (moomoo) became the first digital brokerage to receive approvals-in-principle for all Singapore Exchange (SGX) memberships, which upon conversion, will allow the company and its clients to benefit from an expansion of service offerings, and an enhanced user experience on moomoo.
About Moomoo Financial Singapore Pte. Ltd.
Moomoo Financial Singapore Pte. Ltd. (moomoo SG) is a wholly-owned subsidiary of Futu Holdings Limited (NASDAQ: FUTU), which is an advanced financial technology company transforming the investing experience by offering a digitised brokerage and wealth management platform. Futu enhances the user experience with market data, news, and powerful analytical tools. Futu also embeds social media tools to provide connectivity to all users, investors, companies, analysts, media and key opinion leaders.
In Singapore, Moomoo Financial Singapore Pte. Ltd. (https://www.moomoo.com/) offers investment products for trading via the moomoo platform, and it is a capital markets services licence holder regulated by the Monetary Authority of Singapore (Licence No. CMS101000).
About Barclays Private Bank
Barclays Private Bank is a trusted and high-quality partner for International Affluent, UHNWs & Global Family Offices. Our banking, credit and investments solutions are offered across key international booking platforms with our flagship discretionary strategies at the core. We surround clients with a team of advisors and specialists ensuring they receive bespoke support for any situation.
We are a relationship-led business strengthened by our unique ability to provide a window to wider universal banking capabilities available from across the Barclays Group, including our leading Corporate and Investment Banking franchise.
With a diverse and dispersed global client base, Barclays Private Bank offers products and services across multiple platforms and offices in key financial centres, including Switzerland, Monaco, the Middle East, India, Ireland, Singapore, the Channel Islands and the Isle of Man.