ABN AMRO has entered the private banking market in Taiwan, launching the service in the cities of Taipei, Taichung and Kaohsiung. Under the banner of ABN AMRO Domestic Private Banking, the Dutch group will provide tailor-made investment consultancy and high-end financial services to the country's wealthiest individuals.
For clients with over $1 million in assets, ABN AMRO Domestic Private Banking will offer an array of products and services including total solutions in investment, financing and estate planning. These platforms will come in the form of tailored-made investment products including fixed income, equity, foreign exchange and derivatives products.
Structured Products, investment-linked insurance, dual currency deposits, non-discretionary advisory services, financing, structured financing, estate planning and other insurance platforms will also be offered to clients. In addition, the bank says it will provide daily research monitoring and cross-border financial services around the clock.
The new private banking operation will be run by Joyce Wang, senior vice president and ABN's head of private banking in Taiwan.
"We are now focusing on expanding our business in Asia, and especially in Taiwan," says Barend Janssens, head of ABN AMRO Private Banking in Asia. "ABN AMRO Private Banking aims to become one of the top banks in the region."