SYDNEY, Oct 16 (Bernama-GLOBE NEWSWIRE) — In a significant move toward expanding its global asset management footprint, EBC Financial Group (EBC) has successfully obtained an Australian Financial Services Licence (AFSL) for Asset Management from the Australian Securities & Investments Commission (ASIC). This acquisition strengthens EBC’s ability to provide sophisticated investment solutions to institutional investors, professional investors, and high-net-worth individuals (HNWIs) worldwide. By securing the AFSL, EBC is not only deepening its presence in Australia but also enhancing its capacity to serve clients across global markets, aligning with its broader strategy to offer diversified and regulated asset management services on a global scale.
The new licence, issued to EBC Asset Management Pty Ltd, strengthens the group’s existing offerings. It complements EBC’s existing AFSL for General Financial Advice, enhancing the group’s ability to deliver a comprehensive range of investment strategies across asset classes such as real estate, fixed income, equities, and alternative investments, including private equity and venture capital funds. This marks a key milestone in EBC’s continued effort to expand its global financial ecosystem.