UBS : Asset Management launches QDLP business in China

Hong Kong/Beijing, 5 November 2015 - UBS Asset Management has set up a wholly-owned foreign enterprise (WFOE) in the Shanghai Free Trade Zone to launch private funds in China for investing in overseas markets under the Qualified Domestic Limited Partner (QDLP) scheme.

UBS Asset Management is one of the first international asset managers to participate in the QDLP program. The newly established company, UBS Global Asset Management (Shanghai) Ltd, has an initial QDLP quota of US$100 million and plans to launch its private funds investing in both alternative and traditional asset classes to domestic institutional investors and high-net-worth individuals by the end of 2015.

In 2011, UBS Asset Management set up its first WFOE in Beijing, UBS Global Asset Management (China) Limited. It was the first WFOE to register with the Asset Management Association of China as a private fund manager for real estate, private equities and infrastructure investment.

UBS Asset Management owns 49% of UBS SDIC Fund Management Co. Ltd, the mutual fund house in China which has USD29.8 billion¹ of asset under management. It is also an active participant in the Qualified Foreign Institutional Investor (QFII) program and, through UBS SDIC, in the Qualified Foreign Institutional Investors (QDII) program.

'UBS offers a broad range of investment products and capabilities both onshore and offshore. Our participation in the QDLP program enhances the access to the international markets for our Chinese clients,' said Xinyuan Ling, China Chairman of UBS Asset Management.

'UBS Asset Management is a leading asset manager in Asia Pacific and China is a significant contributor. The strength of our domestic presence and cross-border investment capabilities in both traditional and alternative asset classes means we are well-positioned to capture opportunities for both institutional and high-net-worth clients as China further opens up,' added Rene Buehlmann, Head of UBS Asset Management, Asia Pacific.

Notes for editors

UBS
UBS is committed to providing private, institutional and corporate clients worldwide, as well as retail clients in Switzerland, with superior financial advice and solutions, while generating attractive and sustainable returns for shareholders. Its strategy centers on its Wealth Management and Wealth Management Americas businesses and its leading universal bank in Switzerland, complemented by its Global Asset Management business and its Investment Bank. These businesses share three key characteristics: they benefit from a strong competitive position in their targeted markets, are capital-efficient, and offer a superior structural growth and profitability outlook. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates. Capital strength is the foundation of its success.

UBS is present in all major financial centers worldwide. It has offices in more than 50 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS Group employs about 60,000 people around the world. UBS Group AG shares are listed on the SIX Swiss Exchange and the New York Stock Exchange.

UBS Asset Management is a large-scale asset manager with well diversified businesses across regions and client segments. It serves third-party institutional and wholesale clients, as well as clients of UBS's wealth management businesses with a broad range of investment capabilities and styles across all major traditional and alternative asset classes. Complementing the investment offering, the fund services unit provides fund administration services for UBS and third-party funds.

Media contact

Hong Kong: [phone] (Mark Panday), [phone] (Fiona Chan), [phone] (Angel Yeung)
Mainland China: [phone] (Joanna Sin), [phone] (Susie Su)

www.ubs.com