UBS Asset Management Granted License in China
UBS Chinese asset management has been granted a license in China to manage money for institutions and wealthy investors onshore in China.
“granted a license in China to manage money for institutions and wealthy investors onshore in China.”
The license allows UBS Asset Management (Shanghai) Limited to offer onshore fixed income, equity, and multi-asset private funds to institutional and high net worth investors in China.
News Source: Reuters
UBS Group AG (NYSE:UBS) is a global firm providing financial services to private, corporate and institutional clients. It was founded in 1862 and merged several times prior to 1998, when the Union Bank of Switzerland merged with Swiss Bank Corporation – become UBS Group AG. The operational structure of the Group is comprised of Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. The UBS Group is present in all major financial centers and has offices in over 50 countries.
- Origin : Zurich, Switzerland
- Assets : CHF 942.82 billion
- Revenue : CHF 30.61 billion
- Employees : 60,000
Official Website: www.ubs.com
News & Media: Press Release
Updated on 8th August 2016