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