UOB Asset Management (UOBAM), a wholly-owned subsidiary of Singapore-based United Overseas Bank has expanded its services in Japan by opening UOB Asset Management Japan (UOBAMJ).
Reportedly, UOBAMJ, a 100% fully-owned subsidiary of UOBAM Singapore is registered with the Kanto Local Finance Bureau as investment advisory & agency business operator and is supervised by the Financial Services Agency of Japan. UOBAMJ expects to promote UOBAM’s investment products and services to various client segments including the retail and institutional markets in Japan. Additionally, it has stated that the distribution will be carried out by UOBAMJ’s business partners in Japan.
Masashi Ohmatsu, CEO of UOBAMJ, said: “There is a growing demand in Japan for investment products which offer exposure to countries with high growth potential like China and India. UOBAM Singapore has strong investment expertise in Asia and UOBAM Japan is confident of delivering superior products and services for Japan’s market, working in close partnership with our business partners.”
