Bank SinoPac upgrades Hong Kong wealth platform with Avaloq

Bank SinoPac has gone live on Avaloq as the core system for its Hong Kong offshore wealth business, upgrading its operating infrastructure as it expands services for high-net-worth and ultra-high-net-worth (UHNW) clients.

Avaloq now serves as the core system for the bank’s offshore wealth management business in Hong Kong, providing a scalable operating foundation to support continued business growth, enhance client servicing capabilities and bring new wealth management offerings to market more efficiently. This marks a key milestone for Bank SinoPac as it expands its services for a growing base of high-net-worth (HNW) clients in the region.

Bank SinoPac’s wealth management business in Hong Kong has grown steadily in recent years, particularly among HNW and 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 HNW and UHNW clients with increasingly diverse needs. We selected Avaloq because we needed a proven, specialised 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.”

Re-disseminated by Wealth and Society