Hong Kong, 7 November 2024 -- BANDS Capital Management Limited ("BANDS Capital"), a subsidiary of BANDS Group, announced today that it has received approval from the SFC to uplift its licensing condition of not holding of client assets. This significant development marks a pivotal advancement in the company's financial services offerings. Effective 7 November 2024, BANDS Capital will possess the capability to hold client assets directly, enhancing the breadth of its services and offering clients a more comprehensive array of financial solutions.
Today marks the highly anticipated debut of BANDS Growth OFC, the inaugural fund managed by BANDS Capital, signaling a new chapter for BANDS Group. While BANDS Group has long been recognized for its exceptional futures brokerage services, the establishment of BANDS Capital as its asset management platform in 2023 reflects a strategic pivot towards diversification and bolstering its international market presence. With the launch of this fund, BANDS Group now ventures into the asset management business, offering a comprehensive suite of financial solutions to its esteemed clientele.