UBS manoeuvres to sell funds into Vietnam
It is helping Vietcombank develop into a distributor of offshore investment products for the local market.
UBS Global Asset Management has signed an agreement with Vietcombank in Hanoi to share technology and knowledge with the goal of offering overseas investment products to VietcombankÆs customers. UBS will become VietcombankÆs preferred supplier of investment products while Vietcombank will become UBSÆ preferred domestic distribution partner.UBS officials believe they may be able to approach the Bank of Vietnam and the State Securities Commission with offshore products for authorisation…
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