Taiwan-based KGI Bank has officially opened its branch in Hong Kong, which will focus on wealth management services.

The move marks the bank’s first foray into international markets.

KGI Bank, a subsidiary of KGI Financial Holding, anticipates that this expansion would enhance operational scale and business capabilities, and also aligns with its international growth strategy.

The Hong Kong branch will utilise the extensive resources of KGI Financial and implement a “One-Window Integration” service model, providing a one-stop platform for a wide range of financial solutions.

In the wake of the branch opening, KGI Bank plans to collaborate closely with KGI Securities and CDIB Capital, leveraging their market expertise in Hong Kong.

This partnership aims to integrate group resources and offer differentiated financial products and services throughout the Asia-Pacific (APAC) region.

The “One KGI” strategy will facilitate a seamless transition from Taiwan to Hong Kong, further solidifying KGI Bank’s reputation for comprehensive financial services in the Greater China area.

KGI Bank president Kate Lin said the inauguration of Hong Kong branch is a significant milestone for the bank.

“By integrating our Hong Kong branch with KGI Securities, we will be able to deliver robust domestic and cross-border wealth management planning.”

In Taiwan, KGI Bank recently secured approval for a Wealth Management 2.0 license from local regulator Financial Supervisory Commission.

The bank is actively working to set up a presence in the Kaohsiung Asset Management Hub. KGI Bank provides several financial services such as deposits, loans, payments, credit cards, investment and wealth management, as well as tailor-made financial solutions for domestic and foreign legal entities.