Awards for Distinction 2022 – Best Domestic Private Bank – Taiwan

Best Domestic Private Bank Taiwan


Cathay United Bank

Best Domestic Private Bank – Taiwan

Robert Fuh

CEO, private bank

We are deeply honoured to be awarded the Best Domestic Private Bank – Taiwan for the fourth consecutive year.

Mitigating the impact of geopolitical and economic uncertainty on clients’ assets became our top priority in 2022. Our solid cross-regional platform and diversified portfolio strategies create values for clients, resulting in steady AUM growth and high double digit YoY profit growth.

We are confident that through solutions aligned with clients’ long-term financial objectives, we can navigate uncertainty in the years ahead.

What was behind the judges’ decision?

  • In a year characterised by market volatility, Cathay United Bank delivered a muscular performance across key business metrics, including revenue, net profit, cost-to-income ratio and client accounts. This in part underlines the success of Cathay United Bank in increasing its focus on recurring streams of income and investment-advisory, while ensuring that its sales force remains aligned with clients’ investment objectives and best interests
  • The bank made key improvements to its technological infrastructure. In onshore Taiwan and Cathay United Bank’s offshore hubs in Hong Kong and Singapore, the deployment of Avaloq’s core banking system resulted in enhanced e-banking capabilities, including better visibility over past transactions and real-time client portfolio information
  • Cathay United Bank ramped up its alternative investment capabilities during the period under consideration. This was achieved in part by taking advantage of the broader reach and greater resources of the Cathay United Group and in part by collaborating with some of the world’s leading third-party providers, including across best-of-breed private equity, private credit and REIT products

What we said

Once again at Asian Private Banker’s Awards for Distinction, Cathay United Bank has demonstrated its unmatched capability to deliver sustained value for clients, despite underlying market volatility, said Twinkle Sparta, senior reporter, Asian Private Banker, and member of the judging panel for the Awards for Distinction.

Cathay United Bank’s victory in the prestigious category of Best Private Bank – Taiwan is an acknowledgement of its track record in delivering effective wealth building for clients.

Contact Us
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