Two pure-play wealth managers join forces to meet the sophisticated on and offshore demands of Chinese high net worth individuals.
Hywin Wealth Management (China) and VP Bank (Liechtenstein) signed a memorandum of understanding on Thursday to enter a strategic collaboration.
Their intention is to jointly establish a Hong Kong-based collaboration platform to meet the demands of wealthy Chinese for their sophisticated on and offshore needs.
More Than 50,000 Clients Nationwide
Hywin Wealth, founded in Shanghai in 2006, is a wealth manager in China with 148 subsidiaries in 72 cities employing more than 2,000 staff and serving more than 50,000 clients nationwide. It offers asset management, estate planning and philanthropy services. Outside mainland China, Hywin is present in the U.K. and Hong Kong.
VP Bank established in 1956 is a bank in Liechtenstein with an international presence in Switzerland, Luxembourg, Singapore, Hong Kong, and the British Virgin Islands. The group offers comprehensive wealth management solutions for private individuals and intermediaries. The bank is listed on the Swiss stock exchange. According to further information, VP Bank already works very closely with financial intermediaries and wealth managers to offer best in class solutions for clients.
Global Aspirations
«The proposed collaboration enables us to tap and house the extensive expertise of VP Bank as an established, globally active financial services provider whose clients count on decades of experience and a modern infrastructure,» Dian Wang (pictured above), CEO of Hywin Wealth Management, said. «We will now be able to follow and service our clients more closely in their global aspirations and accelerate our mission to become a wealth manager of the highest global standards,» she added.
Read here finews.asia's a recent interview with Madame Wang.
Widely Recognized Partners
«The planned cooperation represents an excellent opportunity to expand our business activities in the Chinese market and to successfully continue VP Bank Group's Asia strategy with a highly professional and in China widely recognized partner», Christoph Mauchle (pictured above), Head of Client Business and member of VP Bank’s Group Executive Management, said.
