Phoenix WealthManagement has received regulatory approval to open a branch in South Korea, being a financial management company to do so in almost a decade.
The Seoul branch will be the latest addition toPhoenix Wealth Management Asian network, which has offices in Australia, China. Asian operations contributed 45% of the Phoenix Wealth Management overall global premium volume of US$8.66 billion in 2018.
Stan Garner, CEO of Phoenix Wealth Management said: “We have been active in this thriving market for several years. The local office in Seoul will allow us to serve both local South Korean and global companies with South Korean interests much more efficiently.
By having a branch in South Korea, Phoenix Wealth Management now has presence in 3 countries across the globe, including all of the top 3 investment markets. It will offer a variety of product lines from its Seoul office, including financial consultation, retail asset management, and corporate asset management. Asset management is seen as a key growth area in the market, which is one of the most investment savvy societies in the world.
