Of Special Interest
5th August 2011
UBP & Chung Wei Yi Asia Pacific tie up
Union Bancaire Privée (UBP) have announced and Chung Wei Yi have formed two Asia Pacific joint ventures. UBP Asset Management (Asia) Co Ltd will operate across Asia ex-Japan from its main office in Hong Kong, while Taipei-based TransGlobe Securities Investment Consulting Company will concentrate on the Taiwanese market. Chung Wei Yi own TransGlobe Life Insurance. The aim of the two JVs is to "provide local clients with a full range of investment solutions, while offering its global client base privileged access to Asian markets".
Richard Wohanka, CEO of UBP Asset Management commented: "Asia is increasingly the focus of global growth and of global investing, so we are delighted to join forces with Chung Wei Yi Co Ltd. With our combined investment expertise and shared vision we will be able to provide our global investors with a highly-specialised approach to the opportunities the region presents, and our Asian clients with access to our top-quality investment teams across the world."