Hong Kong-headquartered KGI Asia has formally launched its wealth administration service referred to as KGI Asia Sage.

KGI Asia Sage offers shoppers with wealth administration companies in Asia. This contains an array of funding, cross-border and monetary planning companies.

The division takes care of shoppers with investible property over $250,000 (£208,215, €234,625). It already has $1.5bn in property below administration.

With a 25-year historical past in Hong Kong, KGI Asia presents wealth administration, brokerage, funding banking, mounted revenue and asset administration companies to company, institutional, and particular person shoppers. It’s backed by mum or dad firm KGI Securities and China Improvement Monetary Holding Company in Taiwan.

Reddy Wong, chief government of KGI Asia, mentioned: “It’s no secret that on account of strengthening economies, larger financial savings, and new wealth creation, Asia Pacific affluence is on the rise, to cater to this market, we now have proudly determined to launch KGI Asia Sage, an thrilling and brand-new customised wealth answer that focuses on defending and preserving the wealth of our shoppers’ households and their subsequent generations. We imagine that wealth administration enterprise will probably be key to KGI Asia within the years forward.”

Kevin Tai, head of worldwide wealth administration at KGI Asia, added: “We perceive that shoppers not solely depend on conventional methods to handle their wealth, but in addition consider whole wealth options at each stage of their lives. At KGI Asia, we take a holistic strategy to wealth administration, discover alternatives, and develop customised options to assist our shoppers discover cross-border funding alternatives.”