SEBA to Add More Than a Dozen Staff in Asia
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Julius Baer-backed crypto bank SEBA will reportedly take advantage of the selloff as a buying opportunity, with plans to add more than a dozen staff in Asia.
SEBA will grow its headcount in Hong Kong and Singapore from around seven to more than 20, according to a report citing its Asia head of corporate development Eugene Sun. The Zug-headquartered crypto bank will hire legal, compliance, and relationship manager staff alongside plans to also obtain licenses in both cities.
We are finding the selloff to provide an opportunity commercially and in the war for talent, as clients and talent alike seek a more secure and more regulated platform for the promising future of digital assets, Sun said.
One of SEBA’s headline partners is LGT which announced a partnership in pay to provide crypto to clients domiciled in their home market of Liechtenstein or Switzerland. SEBA is also preparing to launch with LGT in Asia, according to the report which did not provide additional details.
Private banks generally are going to start to embrace crypto, said Sun.
SEBA Bank was founded in 2018 and now supports 25 markets worldwide with financial backers that include Julius Bear and DeFi Technologies.
Questions & Answers
Q.Which specific roles does SEBA intend to fill with the new hires in Asia?
Which specific roles does SEBA intend to fill with the new hires in Asia?
SEBA plans to recruit staff for legal, compliance, and relationship manager positions. These new hires are part of the crypto bank's strategy to expand its presence in both Hong Kong and Singapore.
Q.How many staff does SEBA currently employ in Asia, and what is their projected headcount after this expansion?
How many staff does SEBA currently employ in Asia, and what is their projected headcount after this expansion?
SEBA presently has around seven employees in Asia. The company aims to significantly increase its headcount to more than 20 staff members across its Hong Kong and Singapore offices, capitalising on current market conditions.
Q.What is SEBA's primary motivation for expanding its workforce and seeking new licenses during a market 'selloff'?
What is SEBA's primary motivation for expanding its workforce and seeking new licenses during a market 'selloff'?
SEBA views the current market selloff as a commercial opportunity and a chance to attract talent. They believe clients and professionals are now seeking more secure and regulated platforms for digital assets.
Q.Where is SEBA Bank's headquarters located?
Where is SEBA Bank's headquarters located?
SEBA Bank, a crypto bank, has its headquarters located in Zug. This information helps to place the company's operational base while it expands its presence in the Asian market.
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