SYDNEY, October 16, 2024 (Globe Newswire) — As part of a significant effort to expand its global wealth management footprint, EBC Financial Group (EBC) has been appointed by the Australian Securities Exchange for wealth management. successfully obtained the Australian Financial Services License (AFSL). Investment Committee (ASIC). The acquisition strengthens EBC’s ability to provide sophisticated investment solutions to institutional investors, professional investors, and high net worth individuals (HNWIs) around the world. By securing AFSL, EBC will not only grow its presence in Australia, but also serve clients across global markets, in line with its broader strategy to provide diversified and regulated wealth management services on a global scale. We are strengthening our ability to provide
The new license issued to EBC Asset Management Pty Ltd enhances the group’s existing services. This complements EBC’s existing AFSL for general financial advice and builds on the group’s ability to offer comprehensive investment strategies across asset classes such as real estate, fixed income, equities and alternative investments, including private equity and venture capital funds. strengthen. This marks a significant milestone in EBC’s continued efforts to expand the global financial ecosystem.
Australian Financial Services License Certificate highlighting EBC Financial Group’s expanded wealth management services
Global Strategy: Responding to the Evolving Investment Environment
As global economic uncertainty and market volatility increase, more high-net-worth individuals and institutional investors are seeking stable wealth management solutions. EBC’s acquisition of asset management division AFSL is a strategic response to these changing dynamics, allowing the company to offer flexible investment options and enhanced market access. By securing this license, EBC is well placed to meet the growing demand for reliable and diversified investment strategies, not just in Australia but across global markets, ensuring that clients around the world You will be able to benefit from EBC’s expertise in a regulated and transparent environment.
Previously, under the AFSL for General Financial Advice, EBC offered a wide range of financial products and services to both retail and wholesale customers. This new license will enable EBC to provide specialized services to wholesale customers around the world. These services include managed investment planning (excluding investor portfolio services) and general financial product advice regarding securities. In addition, the EBC is currently authorized to facilitate managed investment schemes and financial instrument transactions, including the issuance, application, acquisition, modification or disposition of interests in securities. This extends to the provision of custody services that enhance the protection and transparency of customer assets.
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Chris Wang, Country Head of EBC Financial Group in Australia, said: “Obtaining this license reflects our commitment to maintaining the highest regulatory standards while expanding our asset management capabilities. , is dedicated to providing a diverse and robust investment portfolio.”
Strategic expansion into Australia’s high net worth market
Australia has a significant high net worth population, with approximately 400,000 individuals with assets in excess of US$1 million. By acquiring AFSL in wealth management, EBC is well positioned to capitalize on this market by offering investment strategies that specifically address the wealth management needs of Australia’s growing number of high net worth individuals, including family office solutions and international investment products. EBC’s global experience also helps clients navigate complex regulations and optimize cross-border investments.
“We see tremendous potential for Australia’s growing high-net-worth population,” Wang added. “Our goal is to leverage our global expertise to help investors optimize their portfolios through diverse and innovative investment strategies. We plan to expand our services to include other investment products.
Custody and Family Office Services: Core to Future Growth
Custody services, a core element of EBC’s long-term strategy, are an important addition to EBC’s Australian service offering. Through custodial services, EBC ensures the separation of customer funds, increasing asset transparency and compliance. EBC’s planned family office services will provide bespoke asset management support to high-net-worth individuals and institutional investors, with complex asset management needs that transcend assets and borders, such as tax optimization and asset inheritance. further strengthens EBC’s ability to serve customers around the world.
With the new wealth management license, EBC Financial Group will continue to strengthen its global presence and provide premium financial services to wholesale clients in both developed and emerging markets. This strategic move is in line with EBC’s broader mission to provide sophisticated investment solutions that meet the evolving demands of investors around the world.
About EBC Financial Group
Founded in London’s prestigious financial district, EBC Financial Group (EBC) is renowned for its comprehensive suite of services, including financial intermediation, wealth management and comprehensive investment solutions. EBC has rapidly established itself as a global brokerage, with an extensive presence in major financial hubs such as London, Hong Kong, Tokyo, Singapore, Sydney and the Cayman Islands, as well as across emerging markets in Latin America, Southeast Asia and Africa. It shows the feeling. And India. EBC serves a diverse clientele of retail, professional and institutional investors around the world.
A multi-award winner, EBC takes pride in adhering to the highest ethical standards and international regulations. EBC Financial Group’s subsidiaries are regulated and licensed in their respective local jurisdictions. EBC Financial Group (UK) Limited is regulated by the Financial Conduct Authority (FCA) in the UK and EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA), EBC Financial Group (Australia) Pty Ltd and Regulated by EBC Asset. Management Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC).
At the core of the EBC Group are experienced professionals with over 30 years of extensive experience in leading financial institutions and who have successfully navigated important economic cycles from the Plaza Accord to the 2015 Swiss Franc crisis. EBC champions a culture where integrity, respect and the security of client assets are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.
EBC is the official foreign exchange partner of FC Barcelona and provides professional services in regions such as Asia, Latin America, the Middle East, Africa and Oceania. EBC is also a partner in the United Nations Foundation’s campaign United to Beat Malaria, which aims to improve global health outcomes. From February 2024, the EBC will support Oxford University’s School of Economics’ ‘What Economists Really Do’ public series to demystify economics, apply economics to key societal challenges and improve public understanding. and encourage dialogue.
https://www.ebc.com/
Media contact:
Sushindrasegar Chandrasekhar
Global public relations (APAC, LATAM)
susindhra.c@ebc.com
China Elvina
Global Public Relations Manager (APAC, LATAM)
chyna.elvina@ebc.com
Douglas Chew
Global Public Relations Officer
douglas.chew@ebc.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2ef43b93-2ecf-4d4c-a6ca-8c91ff2aa721.
