Kuala Lumpur, 1 September 2021 – UBB Investment Bank Limited (UBB IB), a wholly owned subsidiary of UBB Amanah Berhad (UBB Amanah), Malaysia’s leading trust and wills administration corporation for more than 30 years has been awarded the conditional investment bank license from the Labuan Financial Services Authority (LFSA).
The conditional investment bank license is a seal of approval by LFSA for UBB IB to commence fulfilling operational conditions such as setting up the required processes and platforms in accordance with regulatory requirements, with the full operating license awarded upon the implementation of the operational processes and fulfilment of operational conditions.
UBB Amanah aims to impart its three decades worth of experience and expertise in the field of trust and wills administration and wealth management to allow its investment bank to provide more bespoke structured products and services to High-Net-Worth Individuals. Furthermore, UBB IB intends to provide conventional investment banking services such as private wealth management, corporate advisory solutions and solutions in working capital management to its clients. Combined with a strong foundation, reputation and robust policies with regard to privacy, protection and professionalism, UBB IB aims to exceed expectations to ensure that client ambitions are efficiently and effectively met.
“This expansion in service provision will allow us to better aggregate, deploy and optimise funds to ensure enhanced value creation for our existing and prospective clients and additionally allow us to expand into the region, access international markets and cater toward differentiated customer requirements” said Aida Othman, UBB Amanah’s Managing Director.
“The approval from LFSA also serves as a bolster to UBB Amanah’s standing and compliance with regulatory bodies as well as an endorsement of UBB Amanah as a regulated entity” she added.
Read here UBB Amanah Press Release – UBB IB