EBC Expands Services For HNWIs, Institutional Investors With Second AFSL

KUALA LUMPUR, Oct 16 (Bernama) -- In a significant move toward expanding its global asset management footprint, EBC Financial Group (EBC) has successfully obtained an Australian Financial Services Licence (AFSL) for Asset Management from the Australian Securities & Investments Commission (ASIC).

This acquisition strengthens EBC's ability to provide sophisticated investment solutions to institutional investors, professional investors, and high-net-worth individuals (HNWIs) worldwide, according to a statement.

By securing the AFSL, EBC is not only deepening its presence in Australia but also enhancing its capacity to serve clients across global markets, aligning with its broader strategy to offer diversified and regulated asset management services on a global scale.

EBC Country Head of Australia, Kris Wang said the acquisition of this licence reflects the company’s commitment to maintaining the highest regulatory standards while broadening its asset management capabilities.

“We are dedicated to delivering a diversified and robust investment portfolio designed to meet the varied requirements of high-net-worth individuals and institutional investors. We see immense potential in Australia's growing high-net-worth segment.

“Our goal is to leverage our global expertise to help investors optimise their portfolios through diversified and innovative investment strategies. We also plan to expand our services to include family office management and other global investment products in the near future,” said Wang.

The new licence, issued to EBC Asset Management Pty Ltd, strengthens the group’s existing offerings. It complements EBC’s existing AFSL for General Financial Advice, enhancing its ability to deliver a comprehensive range of investment strategies across asset classes such as real estate, fixed income, equities, and alternative investments.

The new licence empowers EBC to offer specialised services exclusively for wholesale clients globally, including general financial product advice on managed investment plans (excluding investor-directed portfolio services) and securities.

Additionally, EBC is now authorised to facilitate financial product transactions, including issuing, applying for, acquiring, varying, or disposing of interests in managed investment schemes and securities. This also extends to offering custodial services that provide enhanced protection and transparency for client assets.

With the new asset management licence, EBC continues to solidify its global presence, offering premium financial services to wholesale clients in both developed and emerging markets.

-- BERNAMA