Hana Bank, Knight Frank Korea to Expand Advisory Services for Ultra-High-Net-Worth Clients

Hana Bank said Tuesday it signed a business agreement with global real estate consultancy Knight Frank Korea to expand financial advisory services for family office clients.

Knight Frank is a real estate consulting firm with more than 125 years of experience and publishes an annual “Wealth Report” analyzing investment trends among wealthy individuals.

At a signing ceremony at Knight Frank Korea’s headquarters in Seoul’s Euljiro area, the two sides agreed to provide an integrated wealth management solution spanning real estate, finance, legal and tax services, and investment banking, as demand from ultra-high-net-worth clients becomes more complex.

The partners said they will cooperate on financial care through Hana Bank’s specialized branches, including Club1; family office services such as inheritance and gifting, real estate investment advice and business succession; and nonfinancial offerings tied to culture, art and health.

They also plan to develop differentiated wealth management services with other Hana Financial Group affiliates, including investment strategy lectures led by analysts at Hana Securities and issuance of premium membership cards linked with Hana Card.

“Through cooperation with Knight Frank, an authoritative name in the global real estate market, we will be able to provide higher-level financial consulting, including real estate investment advice,” Kim Mi-sook, executive vice president of Hana Bank’s Central Sales Group, said. She added that the bank will continue expanding specialized financial and nonfinancial services to “maximize customer value.”