Southeast Asia’s third-largest bank by assets is on a tear as the Singaporean distributor capitalises on investors’ soaring demand for fixed coupon notes – and is poised to accelerate its quantitative investment strategies segment.
United Overseas Bank (UOB)’s personal financial services unit is off to a robust start of the year, after posting a monthly record high in equity-linked structured product sales in January. We did continue to see pretty strong momentum in our non-equity linked flow business, but predominantly it was an equity-linked flow-driven month The latest record-monthly sales, boosted by FCNs’ volumes, were 56% higher than the bank’s average monthly sales for equity-linked produc