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Group
History
Delta
Asia Financial Group is a full-fledged banking and financial
services group, with presence in Macau, Hong Kong and Tokyo.
Established
in 1935 by founder Mr. Au Wing Ngok, father of Chairman Mr.
Stanley Au, the Group began as Hang Sang Finance Company,
which later became a licensed commercial bank in 1973.
In
1962 Mr. Stanley Au moved to Hong Kong and made his mark with
the set up of Foreign Exchange and Investment Limited (FEI).
FEI
had made rapid business development in the ensuing two decades.
It pioneered the concept of merchant banking in Hong Kong
and was a pace-setter in international bullion dealing in
Hong Kong. FEI was also the first to create a market in gold
loco London on 2nd January 1974 in Hong Kong, and developed
into one of the major gold dealers in Asia.
In
1970, FEI developed the stock broking business with the establishment
of Forex Securities Company. In the same year, inroads was
made into research, secretarial services, nominee services
and Forex Group (Holdings) Limited was created to hold the
different lines of businesses.
In
1980, Mr. Stanley Au took the helm from Mr. Au Wing Ngok,
and merged Forex Group (Holdings) Limited with Banco Hang
Sang S.A.R.L. As a result of this merger, the Group has built
a significant presence in Hong Kong and Macau.
In
1992, a restructuring took place and the financial services
arm in Hong Kong became a wholly-owned subsidiary of Banco
Hang Sang S.A.R.L. It helped synergize the financial and human
resources of the companies, propelling the Group further forward.
In
the same year, the Group made inroads into insurance through
a strategic alliance with the Toa Fire and Marine Reinsurance
Company Limited in 1992.
In line with its expansionary efforts, the Group took on a
new corporate identity, Delta Asia Financial Group on 28 December,
1993 and the member companies were renamed to reflect this
development. FEI became Delta Asia Credit Ltd., and Banco
Hang Sang S.A.R.L. was renamed Banco Delta Asia S.A.R.L.
In
year 2000, the Group acquired the Forex Insurance (Macau)
Limited and is focused on developing a comprehensive range
of financial services.
The
last four decades have witnessed the Group's swift development
in and commitment to both Hong Kong and Macau. In recent years,
it has been vigorously seeking to expand its presence in the
region
Commercial
banking has been a clear focus of the Group. The Group has
been a major impetus in facilitating trade, in particular
in Macau. It has been early in providing trade financing to
its customers who had an active interest in trading with China.
In light of the new business environment under the new economy,
the Group has undergone a re-orientation, with investment
banking, commercial banking and insurance identified as the
three major lines of businesses for the new millennium.
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