The move is part of how the firm is broadening its financial footprint in Asia.

Saxo Singapore, part of Denmark-based financial group Saxo Bank, has partnered with China’s Guotai Juna, the financial services provider.

A signing ceremony was attended by Adam Reynolds, Asia-Pacific chief executive of Saxo and Kevin Lye, Asia-Pacific chief financial officer, Saxo, He Qing, group CEO, Guotai Junan, and Ni Taoyong, CEO, Guotai Junan Futures Singapore.

“We believe our respective expertise can drive mutual innovations as we help more curious people get invested in the global financial markets. I see a lot of win-win as we strengthen our collaborations in brokerage, settlement, asset and wealth management, custody, FX, futures, employee training and information exchange and other fields, and I look forward to the great collaboration ahead,” Reynolds said.

Last year Saxo Bank said it was exploring a business pact with Disruptive Capital Acquisition Company Limited (DCAC) and listing on Euronext Amsterdam. However, in December, the Copenhagen-based firm said the talks had been cancelled.