TAIPEI (Taiwan News) — Taiwan’s major banks have started a recruitment drive to further strengthen the country’s financial sector, CNA reported Friday.

According to 104 Job Bank, as of Q3 2024, job openings in the financial sector for investment and wealth management positions reached 7,072, a 30.6% year-on-year increase, per CNA.

The growth comes as the Financial Supervisory Commission pushes to make Taiwan an Asian asset management hub. In December, the FSC signed a memorandum of understanding with 16 financial institutions for their planned entry into the Kaohsiung financial zone.

E.Sun Bank, which operates 139 branches, will focus on recruiting wealth management professionals this year. It said it aims to build a team of experts, including specialists in private banking and estate planning, with an estimated target of over 150 people.

Additionally, Cathay United Bank said in recent years, it has significantly expanded its tax and trust advisory teams. Moving forward, the bank will continue to seek talent for positions including wealth management tax consultants and senior trust investment professionals.

Meanwhile, CTBC Bank announced that it will recruit high-net-worth wealth management professionals this year. Its private banking manager role will focus on assisting high-income clients, while its private banking investment manager role will be dedicated to providing asset allocation services.