Vietcombank Joins Hands with UBS AM

The Bank for Foreign Trade of Vietnam (Vietcombank) on April 2, 2007 signed a framework agreement on cooperation in asset management with Switzerland’s UBS Global Asset Management (UBS AM).

 

The agreement between Vietcombank and UBS AM created a strong foundation for cooperation in the fields of commerce and finance, with the objective of satisfying and optimising clients’ needs for modern, quality financial investment products in Vietnam and around the globe, from bonds and stocks to mandatory investment funds (real estate and structural products) and foreign currencies (USD, AUD, GBP and EUR). Main cooperative fields between Vietcombank and UBS AM are investment fund management, overseas fund certificate distribution, asset management, personnel training and technology transfer.

 

UBS Global Asset Management is one of three units of UBS, one of the world’s largest financial organisations. As of December 31, 2006, UBS Global Asset Management administered assets worth US$710 billion, managed by 3,000 employees from 20 countries.