SYDNEY, Oct. 16, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC) has marked a significant stride in its global asset management endeavors by securing an Australian Financial Services Licence (AFSL) for Asset Management from the Australian Securities & Investments Commission (ASIC). This acquisition amplifies EBC’s capacity to deliver advanced investment solutions to institutional investors, professional investors, and high-net-worth individuals (HNWIs) on a global scale. The AFSL not only bolsters EBC’s presence in Australia but also enriches its ability to cater to clients across diverse global markets, in line with its overarching objective of offering varied and regulated asset management services worldwide.

EBC’s Enhanced Asset Management Portfolio with AFSL

EBC Asset Management Pty Ltd has received the new licence, fortifying the group’s existing offerings and augmenting its current AFSL for General Financial Advice. This development enables EBC to provide an extensive range of investment strategies across asset classes like real estate, fixed income, equities, and alternative investments, including private equity and venture capital funds. It signifies a pivotal moment in EBC’s continuous endeavor to broaden its global financial ecosystem.

EBC’s Response to Evolving Investment Landscape with Global Strategy

As economic uncertainties and market volatility rise globally, the demand for stable asset management solutions from HNWIs and institutional investors is escalating. EBC’s acquisition of the AFSL for Asset Management strategically positions the company to offer flexible investment choices and expanded market reach. This licensing milestone empowers EBC to cater to the increasing need for reliable, diversified investment strategies, not only in Australia but also across international markets, ensuring clients benefit from EBC’s expertise in regulated and transparent environments.

Under the previous AFSL for General Financial Advice, EBC offered a wide array of financial products and services to retail and wholesale clients. The new licence empowers EBC to provide specialized services exclusively for wholesale clients worldwide, including financial product advice and product transactions related to managed investment schemes.

Strategic Focus on Australia’s High-Net-Worth Market

Australia houses a substantial population of HNWIs, boasting approximately 400,000 individuals with assets exceeding USD 1 million. EBC’s acquisition of the AFSL for Asset Management positions the group to tap into this market, offering tailored investment strategies that meet the wealth management needs of Australia’s expanding high-net-worth segment. EBC’s global expertise will aid clients in navigating regulatory complexities and optimizing their cross-border investments.

“We see great potential in Australia’s growing high-net-worth segment,” remarked Kris Wang, Country Head of EBC Financial Group in Australia. “Our aim is to leverage our global experience to assist investors in optimizing their portfolios through innovative investment strategies and family office management solutions.”

Emphasizing Custody and Family Office Services for Future Growth

Custody services play a vital role in EBC’s long-term strategy, enhancing asset transparency and compliance by segregating client funds. Additionally, EBC’s forthcoming family office services will offer tailored wealth management support to HNWIs and institutional clients, addressing complex cross-asset and cross-border wealth management needs, thus strengthening its ability to cater to clients globally.

With the addition of the new asset management licence, EBC Financial Group reinforces its global presence, offering premium financial services to wholesale clients in developed and emerging markets alike. This strategic move aligns with the group’s mission of delivering sophisticated investment solutions that align with the evolving demands of investors worldwide.

Founded in London, EBC Financial Group has emerged as a global brokerage firm with a robust presence in key financial centers worldwide. The group prides itself on its ethical standards, regulatory compliance, and a team of seasoned professionals with over 30 years of experience in the financial sector.

EBC has received widespread industry recognition for its commitment to regulatory excellence. The group’s subsidiaries are regulated by leading authorities in their respective jurisdictions, underscoring EBC’s dedication to maintaining the highest standards of integrity and client asset security.

EBC’s collaboration with renowned organizations like FC Barcelona and initiatives such as the ‘What Economists Really Do’ series by Oxford University highlights its commitment to corporate social responsibility and public engagement.

For media inquiries:
Susindhraseghar Chandrasekar, Global Public Relations (APAC, LATAM)
Chyna Elvina, Global Public Relations Manager (APAC, LATAM)
Douglas Chew, Global Public Relations Lead

A photo accompanying this announcement is available here