Cathay United Unveils Taiwan’s First Onshore Private Bank at Kaohsiung Hub

Cathay United Bank has launched Taiwan’s inaugural onshore private banking service within the newly established Kaohsiung Asset Management Hub, partnering with Avaloq to deliver advanced core banking and digital infrastructure. The initiative, supported by Taiwan’s Financial Supervisory Commission, seeks to strengthen the local wealth management sector by encouraging institutions to offer expanded services including ETFs, insurance solutions, and family office consulting. Cathay United’s entry into the onshore market signals growing momentum within Taiwan’s wealth management landscape, as regulatory backing aligns with rising demand from affluent clients. The Kaohsiung hub plays a central role in Taiwan’s strategic drive to become a regional centre for wealth management and investment advisory services.