UOB’s FDI Advisory Unit Helps 500 Companies

United Overseas Bank Limited (UOB) have announced that it had helped more than 500 companies expand their business into Southeast Asia since the launch of its Foreign Direct Investment (FDI) Advisory Unit four years ago.

Recognising the need for a dedicated unit to serve customers with regional business ambitions, UOB has set up nine FDI Advisory Units across Asia. These units help customers to tap into UOB’s extensive banking networking, as well as access its full suite of corporate banking, commercial banking and personal banking products and solutions. Customers using the services of the FDI Advisory Unit have been drawn from the agriculture, chemical and petroleum, commodities, consumer products, natural resources and trading sectors.

According to the United Nations Trade and Development World Investment Report 2014, FDI into Southeast Asia has tripled from US$49 billion in 2009 to US$151 billion in 2014. This investment has been due largely to Southeast Asia’s rising intra-regional trade, growing middle class and increased demand for goods and services.

Mr Sam Cheong, Executive Director and Head of UOB’s Foreign Direct Investment Advisory Unit, said that there are huge investment opportunities for businesses looking to expand into Southeast Asia.

“Our customers tell us that they believe in the long term economic prosperity of the region. As a result, the demand for cross-border banking expertise in Southeast Asia has led to our FDI client base doubling in the last year. Customers see UOB’s Southeast Asian network and relationships with strategic partners in the legal profession, audit services, business consulting and key government agencies as a natural fit when facilitating their business and financial needs,” Mr Cheong said.

 

WEB'S BEST

Top stories from across the globe

  • Singapore Stresses Under a Wealth of Worries
  • A Short History of Investing in Gold – and What to Expect for 2017
  • Asia Pacific's Top Six Credit Risks For 2017
  • The 5 Most Shocking News in 2016
  • Hazel Moore: Banks Are Completely Wasting Valuable Customer Data
  • Morgan Stanley CEO Makes First-Ever Stock Sales After Bank Rally
More

PHOTO GALLERIES

finews.asia Networking Event

finews.asia Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary

Newsletter

Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with finews.asia – email us on info@finews.asia – All communication is completely confidential and strictly anonymous.