UOB Asset Management, a member of Singapore’s UOB Banking Group, is expanding in Taiwan with the aim of penetrating the local retirement and wealth management market.
UOB Asset Management in Taiwan has been awarded the Securities Investment Trust Enterprise licence by the Financial Supervisory Commission of Taiwan. This licence enables UOBAM (Taiwan) to develop and to offer onshore funds, and to provide fund management services for domestic investors, both retail and institutional.
UOBAM (Taiwan) is a wholly-owned subsidiary of UOB Asset Management, and becomes the first fully foreign-owned fund management company to obtain the Securities Investment Trust Enterprise licence in Taiwan since 2001.
Wide Fund Range
The extended suite of products that UOBAM (Taiwan) can offer includes equity funds focusing on Taiwan, Greater China, ASEAN and global markets, as well as Asian and global bond funds.
«With 30 years of experience in managing funds in Asia, UOBAM has in-depth knowledge and expertise of regional investment markets. UOBAM (Taiwan) will tap on these capabilities to provide an array of products and services that meets the needs of Taiwanese investors who are keen to tap on the region’s economic growth,» said William Wang, Chief Executive Officer of UOBAM (Taiwan).
