Ted Holland, Chief Executive Officer Asia, Asset Management for UBP and Chairman of UBP Taiwan, expresses his confidence in the Taiwanese market. He said:
“The SICE license approval is a major milestone and achievement for UBP’s Asset Management strategy for the region. We are now fully set up with our own Master Agent business to service our institutional and intermediary clients in the Taiwan market.”
“Taiwan is a market of major importance for UBP. Establishing our wholly owned on-the-ground presence in Taipei was an easy decision to make given the growing need for more sophisticated investment solutions catering to the strong personal savings culture and expanding institutional segment.” The Master Agent License allows UBP to act as the master agent of their UBAM series of funds registered in Taiwan.