Sal. Oppenheim is a premier European provider of wealth management and multi-faceted Mergers & Acquisitions services in all aspects of debt and equity financing, restructuring valuation, and strategic consulting. In the last few years, Sal. Oppenheim ventured into securities lending as part of its investment strategy and earmarked €5 billion for this initiative. In 2020 alone, Sal. Oppenheim has approved more than €1 billion in funding under this program. Oppenheim prides itself on its strong partnership with licensed local financial institutions and strong global custodian banks including Credit Suisse, Citibank, Deutsche Bank and HSBC, to help safeguard clients' assets.
Sal. Oppenheim is pleased to announce that it is being considered to dispose of an investment portfolio for a European Conglomerate. The portfolio is worth in excess of $1.5 billion USD and includes stocks, bonds, & derivatives from US & European markets. Sal. Oppenheim will act as a consultant in the portfolio's disposition and will oversee the management of the funds after the sale. For the most part, the shares are not levered and have a small mortgage on some of them. Proceeds are estimated to be $1.4 billion USD. Mr. Tsz Tang of Hong Kong is representing Sal. Oppenheim.
Executive Vice President of Sal. Oppenheim's Securities Lending Division in Hong Kong, Amos Chong said: We are delighted to have Mr. Tsz Tang represent us in this disposition. With our vast experience and global network, I have strong confidence that Mr. Tsz Tang, with Sal. Oppenheim’s support will harness our expertise to serve our clients best. I'm delighted, Sal. Oppenheim started the year on a strong note with this mandate under our belt on top of our increasingly popular securities lending program.
Mr. Craige Stevenson, of the Private Banking Division stated: “Being chosen for this disposition demonstrates our client's complete confidence in us to manage a transaction of this scale and complexity. Sal. Oppenheim takes pride in its track record in assisting financial institutions to generate liquidity from fixed or convertible assets. Our experience dealing with high-net-worth individuals and conglomerates globally puts us in a strong position to manage the portfolio in accordance with our client's objectives. With Mr. Tsz Tang's strong financial background and international experience, we firmly believe he will deliver on this mandate and manage the portfolio with finesse.
This series of investments spanning across multiple continents is a strategic move by Sal. Oppenheim evidently aimed at expanding the company's presence in the global financial markets. In addition, Sal. Oppenheim has received overwhelming response in its securities lending program in key markets on virtually all continents, including Hong Kong, Singapore, Australia, United Kingdom, Dubai, Austria and among others. Sal. Oppenheim recognized its securities financing program is very attractive and simple compared to traditional financing methods for institutional investors and ultra-high net-worth clients to quickly obtain access to funds from their investment portfolio.
Press release distributed by Pressat on behalf of Sal. Oppenheim LTD, on Wednesday 17 February, 2021. For more information subscribe and follow https://pressat.co.uk/