Hana Bank will move to expand wealth management services linking testamentary trusts and the guardian system with the Korea Association of Certified Tax Accountants.

Hana Bank said on Aug. 14 it signed a business agreement on Aug. 13 at its Euljiro headquarters with the association to promote testamentary trusts and the guardian system.

Under the agreement, Hana Bank will provide association members with education on trust-related financial business, including testamentary trusts, as well as tailored consulting and counselling.

The association will support its members so they can use testamentary trusts and the tax accountant guardian system in managing clients' assets. The two institutions also plan to pursue cooperation measures to boost tax accountants' customer management work and activate the guardian system.

The policy is to support tax accountants so they can offer clients asset succession options using trusts while carrying out wealth management and guardianship duties.

A Hana Bank official said, "Based on Hana Bank's know-how in the trust field, we will actively help tax accountants' professional wealth management and customer support work," and added, "We will continue to provide customers with more sophisticated comprehensive wealth management consulting services."