Financial services group buys Hong Kong wealth manager
Doo Financial has acquired an anonymous Hong Kong-based wealth management company.
Financial terms of the transaction were not disclosed.
The acquired company is now known as Doo Wealth Management HK.
It is an insurance brokerage firm registered on the Register of Authorized Insurance Intermediaries regulated by the Hong Kong Insurance Authority (IA).
Under the license, Doo Wealth Management HK is authorized to conduct general and long-term business in the Hong Kong region.
Doo Financial said in a statement, “From life protection to personal health, from financial planning to wealth accumulation, Doo Wealth strives to build a healthier community for our customers and their loved ones with comprehensive protections, to ensure their peace of mind. Our goal is to have a positive impact on society.
“Thus, our professional teams will offer a wide range of products and services covering two main areas, life insurance and general insurance.
“This strategic business partnership has proven the strength of Doo Group to seize the global financial market, offering comprehensive and diversified services and products to our customers around the world.
“This is our big step in creating a more diverse future that also officially marks our new journey in the insurance industry. With the vision of achieving diversity in financial services, Doo Group aspires to continuously expand our global growth into new markets in order to provide the best services to our valued customers.