UBS Asset Management granted Private Fund Management license in ChinaSource: Business Wire
UBS Asset Management becomes the first
"UBS Asset Management is the first international manager with a QDLP
quota to receive a PFM license in China’s onshore market. Securing the
license expands the breadth and depth of our domestic offering,
complements our offshore capabilities and, importantly, demonstrates our
continued support of
"UBS Asset Management has been serving
In 2005, UBS AM entered into a joint venture with the
"With the continued liberalisation of China’s economy, domestic
investors can be expected to seek to diversify their investments across
a broad and expanding range of traditional and alternative asset classes
and geographies. UBS is well positioned to help them build portfolios
which not only have the potential to generate reasonable returns but
also diversify downside risk," explained Aries Tung, Managing Director,
Head of Strategy and Business Development,
"We are committed to establishing a market-leading private fund platform
UBS provides financial advice and solutions to wealthy, institutional
and corporate clients worldwide, as well as private clients in
UBS is present in all major financial centers worldwide. It has offices
in 54 countries, with about 34% of its employees working in the
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