Hana Bank said on March 25 it signed a business agreement with global real estate consulting group Knight Frank Korea on March 24 to boost financial advisory services for family office clients.

Knight Frank is a real estate consulting firm that has built know-how in global property markets based on more than 125 years of history. It provides comprehensive solutions for domestic and overseas real estate and publishes its annual Wealth Report analysing investment trends among global wealthy individuals.

The agreement was signed at Knight Frank Korea’s headquarters in Euljiro, Seoul. The two sides agreed to cooperate in providing integrated wealth management services tailored to the needs of ultra-high-net-worth individuals, spanning real estate, finance, legal, tax and corporate finance.

The two sides plan to collaborate on bank care services based on specialised branches such as Club1, advisory services on inheritance, gifting and real estate investment, family office services including business succession, and provision of non-financial content including culture, art and health.

Hana Bank also plans to expand wealth management services through cooperation among group affiliates, including investment strategy lectures by analysts at Hana Securities and issuance of premium membership cards linked to Hana Card.

Kim Mi-sook (김미숙), deputy head of Hana Bank’s Central Sales Group, said the cooperation with Knight Frank, which she described as authoritative in global real estate markets, would allow the bank to provide a higher level of financial consulting, including property investment advice. She said Hana Bank plans to continue expanding professional financial and non-financial services that can maximise customer value.