Friday, May 09, 2008

Business: Sucden expands into Asia with New Hong Kong office

London - Sucden (UK) Limited, one of the world's leading commodity and financial futures and options brokers, today announced the opening of the company's new Hong Kong Office.

Whilst the initial focus will be base metals and steel, Sucden is looking to use the Hong Kong hub to further develop its soft commodities business, as well as to expand its client base across Asia, which will include Singapore, Malaysia, Vietnam and Indonesia.

With the opening of new markets on a global scale Sucden believes there will be an opportunity to extend the scope of the office to offer a full range of its products and services.

The firm will also be looking to meet the increasing demand for trading systems and is well placed to service this requirement through its various electronic trading platforms.

Samson Tan has been appointed to head up the new office. He brings with him a wealth of experience of the sugar market and of developing new business opportunities.

His previous roles include, his tenure as General Manager for Olam International's Sugar division based in Singapore and a similar role with Kerry Foodstuffs in Hong Kong.

Announcing the opening, Michael Overlander Chief Executive, Sucden UK said: "The opening of our new Hong Kong office illustrates Sucden's commitment to expand our services internationally. I am delighted that we have now established a presence in the premier growth region of the World. With our rich heritage in commodities coupled with our expertise, we are
well positioned to avail the opportunities afforded by the increasing interest in commodities in the region."

Notes to Editors
1. Sucden (UK) Limited has been operating for 35 years as one of the UK's leading Commodity and Financial Futures and Options brokers, with membership of many of the world's major exchanges.
2. Sucden (UK) Limited's parent is Sucres et Denres SA, a company incorporated in France.
The Sucden Group has operations throughout the world.
3. Sucden (UK) Limited currently operates in the UK (Head Office) Germany, Holland Russia and France.
4. Sucden (UK) Limited is authorised and regulated by The Financial Services Authority.
5. Sucden's UK website: www.sucden.co.uk
Chinese: www.sucden.com.cn
6. Sucden Hong KongSucden (UK) LimitedUnit 10, 3/F, Three Pacific Place1 Queen's Road East, AdmiraltyHong KongTel: +852 2297 2826

Fax: +852 2855 6869
Email: china@sucden.co.uk
Web: www.sucden.com.cn
Sucden UKTariq Ahmad, Director of Marketing & Corporate Strategy,Direct: +44 (0)20 7940 9459 or Robert Cantle, Manager,
Marketing & Communications,+44 (0)20 7940 9546
Email: press@sucden.co.uk Website: www.sucden.co.uk

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