CTBC, Taiwan’s largest private sector bank, has been named Best Domestic Bank, and Best Corporate and Investment Bank by Asiamoney— a financial publication in the Asia-Pacific region.
Each year, Asiamoney, a division of the global media group Euromoney Institutional Investor PLC, identifies banks in each market that have excelled across a range of core banking activities over 12 months for the Asiamoney Best Bank Awards.
CTBC, run by chief executive James Chen, has a dominant position in its home market and a growing overseas network. The bank has already built a network covering 14 countries, which it continues to expand: earlier this year it opened a new Chinese branch in Shenzhen. It also fared well in the first quarter of 2020 despite the impact of the coronavirus.
The Asiamoney Private Banking Awards 2020 also named CTBC the Best Domestic Private Bank and Best for HNW. Special mention was given to CTBC’s ‘Private Privilege’ division, which has the aim of offering world-class wealth management services to upper high and ultra-high net-worth customers, from relationships managers with at least 15 years’ experience in the financial industry. Asiamoney notes that the quality of service compares keenly with those on offer at any global private bank, ranging from wealth transfer and succession planning to family offices and trusts.