Bank SinoPac’s wealth management business in Hong Kong has grown steadily in recent years, particularly among high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients with diverse wealth management needs. As the cross-border wealth management market continues to expand and wealth structures become increasingly complex, the bank selected Avaloq as the new core system for its offshore wealth management business, providing the scalability needed to support continued growth.
By leveraging Avaloq’s integrated wealth management platform, Bank SinoPac benefits from greater automation, streamlined operations and enhanced scalability across its business. The platform provides a robust foundation for expansion, enabling the bank to serve clients more efficiently, adapt quickly to changing market requirements and support future growth in its offshore wealth management business.
SinoPac Financial Holdings offers a diverse range of financial services through its subsidiaries, including banking, securities, asset management, leasing, and venture capital.
Angus Lin, Head of Overseas Business Division of Bank SinoPac, said: “Our wealth management business in Hong Kong has expanded significantly, particularly among high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients with increasingly diverse needs. We selected Avaloq because we needed a proven, specialized platform that could support this next stage of development with greater efficiency, consistency and scalability. Avaloq’s strong reputation among leading financial institutions in Taiwan and across Asia, together with its proven track record in wealth management, was a key factor in our selection. With Avaloq, we are better positioned to broaden our offering and continue delivering the high level of service our clients expect.”
Vibhooti Chaturvedi, Managing Director for Region Asia Pacific at Avaloq, said: “We are pleased to support Bank SinoPac as it strengthens its offshore wealth management business in Hong Kong. The market continues to play an important role for clients with cross-border needs, and financial institutions require technology that can help them operate more efficiently, respond faster and scale with confidence. Bank SinoPac’s successful go-live reflects our shared commitment to building a robust, future-ready platform for long-term growth.”
