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KGI Bank’s Asian Asset Management Center in Kaohsiung reached its first anniversary with assets under management from high-net-worth clients approaching NT$40 billion, according to an announcement covered by Hubbis.
First-Year Milestone and Client Asset Growth
Assets under management from high-net-worth clients at the Kaohsiung hub approached NT$40 billion (approximately $1.3 billion) during its inaugural year, according to KGI Bank. Headquartered in the Asia New Bay Area, the center leverages the “One KGI” strategy to combine resources across KGI Financial Holding’s core business units. KGI Bank President Lin Su-chen noted that client demands have shifted toward integrated, advisory-based models spanning personal wealth, corporate operations, and family succession planning.
KGI Financial Holding Vice Chairman Shen Jong-chin stated that the group’s banking, securities, and life insurance subsidiaries established a presence in the special zone to support the government’s objective of retaining domestic wealth while attracting foreign capital. The integrated setup allows the institution to connect wealth management, insurance planning, and capital markets services under a single roof.
Kaohsiung Special Zone Progress and Policy Alignment
The broader Kaohsiung Asian Asset Management Center special zone reported preliminary success during its first year of operation, according to Kaohsiung Mayor Chen Chi-mai. Speaking at the anniversary event on the 16th, Chen reported that Taiwan’s Financial Supervisory Commission has approved 59 financial institutions for pilot programs. Total managed assets across these authorized institutions reached NT$728.1 billion (approximately $22.9 billion), while family offices operating in the zone have cumulatively served 189 clients.
Chen described Kaohsiung as entering a critical phase defined by the alignment of industrial transformation, financial services upgrades, and national asset management policies. Liao Tai-hsiang, Director-General of Kaohsiung’s Economic Development Bureau, added that the city government continues to refine the regional financial ecosystem through targeted investments in talent cultivation and industry linkages, aiming to establish Kaohsiung as a primary base for innovative financial applications.
Frequently Asked Questions
What is the total AUM for KGI Bank’s Kaohsiung hub?
High-net-worth client assets under management at KGI Bank’s Kaohsiung Asian Asset Management Center approached NT$40 billion (approximately $1.3 billion) at the end of its first year, according to company reports.
Which financial institutions are participating in the Kaohsiung special zone?
Taiwan’s Financial Supervisory Commission has approved 59 financial institutions to conduct pilot operations within the Kaohsiung special zone, accumulating total managed assets of NT$728.1 billion, according to Kaohsiung Mayor Chen Chi-mai.
What services does the One KGI strategy provide?
The One KGI strategy integrates banking, securities, and life insurance resources to deliver one-stop financial solutions covering personal wealth, corporate operations, and family succession planning.
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