EBC can also facilitate transactions and offer custodial services. Credit: Andrey_Popov/Shutterstock.

EBC Financial Group has expanded its asset management capabilities by securing a second Australian Financial Services Licence (AFSL) for Asset Management.

Granted by the Australian Securities & Investments Commission (ASIC), the licence allows EBC to offer ‘sophisticated’ investment solutions to a global clientele, including institutional and professional investors, as well as high-net-worth individuals (HNWIs).

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The new AFSL, issued to EBC Asset Management, bolsters the group’s existing financial services.

It complements the first AFSL for General Financial Advice, broadening EBC’s investment strategy offerings across various asset classes.

The licence enhances EBC’s ability to cater to the needs of clients seeking investment strategies in regulated markets like Australia.

EBC Financial Group in Australia country head Kris Wang said: “The acquisition of this licence reflects our commitment to maintaining the highest regulatory standards while broadening our asset management capabilities.

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“We are dedicated to delivering a diversified and robust investment portfolio designed to meet the varied requirements of high-net-worth individuals and institutional investors.”

The AFSL for Asset Management permits EBC to extend specialised services to wholesale clients globally, including advice on managed investment schemes and securities.

EBC can now also facilitate transactions and offer custodial services, which are critical for asset protection and transparency.

Wang added: “We see immense potential in Australia’s growing high-net-worth segment.

“Our goal is to leverage our global expertise to help investors optimise their portfolios through diversified and innovative investment strategies. We also plan to expand our services to include family office management and other global investment products in the near future.”