Awards for Distinction 2023 – Best Domestic Private Bank – Taiwan

Best Domestic Private Bank Taiwan


Cathay United Bank Private Banking

Best Domestic Private Bank – Taiwan

Robert Fuh

Chief executive officer
Cathay United Bank Private Banking

Facing the year with a paradigm shift in financial markets, CUB Private Banking has embraced self-evolving capabilities, breaking through economic uncertainty, intense competition and regulatory limitations.

By taking leading strategic initiatives in product development and client service, we achieved another record high in profits for 2023, with double-digit growth on top of the 105% year-over-year growth in 2022. Our rigorous investment philosophy focused on clients’ best interests remains our guiding principle.

We are deeply honoured to receive the Best Domestic Private Bank for Taiwan award for the fifth consecutive year and stand in confidence as we step forward into new opportunities and challenges in the next decade.

What was behind the judges’ decision?

  • The first and only private bank to onboard private equity for domestic clients under the license for high-asset customers in Taiwan.
  • The bank moved forward by safeguarding the best interests of its clients and outperformed with high single-digit growth for operational profits in 2023. The bank continually achieved record-high results during the review period
  • With teams in Hong Kong, Singapore and Taiwan, the firm has onshore and offshore advisory capabilities to offer clients comprehensive asset allocation solutions that are in line with international standards

What we said

“Cathay United Bank Private Banking continues its leading role in providing a dynamic investment strategy across asset classes for its clients amid a challenging investment environment. The private bank manages a portfolio with three core focuses: high quality, attractive quality returns, and agile allocation, and has added new tools such as alternatives and portfolio advisory teams for a better-diversified service for clients,” said Twinkle Sparta, associate editor, Asian Private Banker.

“The private bank continues to build strong relationships with leading global private equity brands by leveraging parent company Cathay Group’s ascendancy, the leading buy-side firm in Taiwan, and engaging them to understand local regulations better and uncover the needs of HNW Taiwanese clients.

“In September last year, it also officially launched the new portfolio advisory team to actively and promptly review and monitor designated clients’ portfolios and advise on appropriate asset re-adjustment where necessary. Congratulations to Cathay United Bank Private Banking for winning the Best Domestic Private Bank – Taiwan award.”

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