Posted inBusiness moves

Asia-based financial group sets up wealth management arm

It serves clients with investible assets of over $250,000.
Hong Kong

Hong Kong-headquartered KGI Asia has officially launched its wealth management service called KGI Asia Sage.

KGI Asia Sage provides clients with wealth management services in Asia. This includes an array of investment, cross-border and financial planning services.

The division looks after clients with investible assets over $250,000 (£208,215, €234,625). It already has $1.5bn in assets under management.

With a 25-year history in Hong Kong, KGI Asia offers wealth management, brokerage, investment banking, fixed income and asset management services to corporate, institutional, and individual clients. It is backed by parent company KGI Securities and China Development Financial Holding Corporation in Taiwan.

Reddy Wong, chief executive of KGI Asia, said: “It is no secret that due to strengthening economies, greater savings, and new wealth creation, Asia Pacific affluence is on the rise, to cater to this market, we have proudly decided to launch KGI Asia Sage, an exciting and brand-new customised wealth solution that focuses on protecting and preserving the wealth of our clients’ families and their next generations. We believe that wealth management business will be key to KGI Asia in the years ahead.”

Kevin Tai, head of international wealth management at KGI Asia, added: “We understand that clients not only rely on traditional ways to manage their wealth, but also take into account total wealth solutions at every stage of their lives. At KGI Asia, we take a holistic approach to wealth management, explore opportunities, and develop customised solutions to help our clients explore cross-border investment opportunities.”

This story first appeared on our sister publication, International Adviser.

Part of the Mark Allen Group.