Eurohypo AG continues extending its foreign business at a rapid rate. At the start of this year it obtained approval from the Hong Kong Monetary Authority to open an office. The office will be opening in the next few weeks. As a result, Eurohypo's global network will now encompass 24 countries.
After Tokyo, Hong Kong is the second Asian stronghold for Eurohypo. The division of Corporate and Investment Banking Asia-Pacific managed by Hendrik Gienow is planning on establishing a complete network in this region within the next two years. In the course of this development there are plans for further Eurohypo agencies in China, India and South-East Asia, amongst others.
By opening the office in Hong Kong Eurohypo is pushing open the door to one of the future's most attractive real estate markets. China is already attracting global investors today. The bank's CEO, Bernd Knobloch, is expecting a high demand for structured financing and intelligent consultancy services. "We are developing a large potential for our growth and as a result are persistently emphasising our objective of being the global leading specialist bank in real estate and public finance," he said.
Antony Zhou, who recently dealt intensively with China in Asia-Pacific Business Development at Eurohypo headquarters in Eschborn, will manage the representative office. Zhou, born in China, learnt his trade in EUROHYPO's Risk Management. "I am particularly looking forward to returning to my homeland as the bank's first representative," he stated.
In China, Eurohypo will collaborate closely with the branches of Commerzbank in Hong Kong and Shanghai. At first, the real estate bank, which belongs to the Commerzbank group, will channel all its strength into establishing itself in the high-growth, yet also difficult market. It can also depend on the parent company for this; the new Hong Kong representative office is therefore also moving its accommodation to the rooms of Commerzbank.
Source: Eurohypo
