iSwiss Bank has established a new company in New York, which has been authorised by the Securities and Exchange Commission to offer hedge fund investment strategies and tailored financial solutions for institutional and private clients.

The move is part of iSwiss Bank's global expansion initiative and is aimed at strengthening its presence in the US financial market and broadening the range of financial services available to its global clientele.

According to a press statement, the new iSwiss Bank venture will emphasise "innovative investment strategies, leveraging advanced asset management expertise and the group's pioneering approach. iSwiss Bank's team of experts will work to develop customised investment solutions aimed at maximising returns and managing risks effectively, aligned with clients' needs and goals".

iSwiss Banks says its ability to operate as a hedge fund will enable it to attract new investors and further expand its client base.