UOB Asset Management (UOBAM), a wholly-owned subsidiary of Singapore-based United Overseas Bank (UOB), has signed an agreement with South Korea-based HI Asset Management (HIAM), an affiliate of Hyundai Heavy Industries (HHI) Group, to share investment, expertise and knowledge as well as tap each party’s distribution capabilities.
With the strategic alliance, investors can tap a range of investment solutions offered by UOBAM and HIAM to access growth opportunities in Asia. Moreover, both parties will leverage the complementary distribution networks and investment expertise, especially in managing Asia and Korea-centric funds.
UOBAM has been expanding its regional presence over the years. The strategic alliance with HIAM follows UOBAM’s collaboration with UTI International (Singapore) in August 2009. UOBAM has also since opened its Japan office to enlarge UOBAM’s footprints which now cover Singapore, Brunei, Malaysia, Thailand, Taiwan and Japan.
