UCB Asset Management Limited, a subsidiary of United Commercial Bank Limited (UCB) was inaugurated on 6 February 2020 at The Westin, Dhaka. Young industrialist and Vice-Chairman of Bangladesh Association of Banks, Anisuzzaman Chowdhury inaugurated the UCB Asset Management Limited as Chief Guest.
Among others Special Guest & Eminent Banker Mohammed Shawkat Jamil; Arif Quadri, Chairman of UCB Asset Management Limited and Shekh Mohammad Rashedul Hasan, CEO of UCB Asset Management Limited along with other senior officials were present at the inauguration ceremony.
Chief Guest of the inauguration program said, UCB Asset Management Limited will play a vital role to fill the gap of professional wealth management service in the country.
While addressing, speakers mentioned that an asset management company (AMC) is a firm that invests pooled funds from clients, putting the capital to work through different investments including stocks, bonds, and more. Along with high-net-worth individual portfolios, AMCs offer managed accounts, and—to better serve smaller investors—create pooled structures such as mutual funds, which they can manage in a single centralized portfolio.
They said that they have a larger pool of resources than the individual investor could access on their own, asset management companies provide investors with more diversification and investing options. Buying for so many clients allows AMCs to practice economies of scale, often getting a price discount on their purchases.
Pooling assets and paying out proportional returns also allow investors to avoid the minimum investment requirements often required when purchasing securities on their own, as well as the ability to invest in a larger assortment of securities with a smaller amount of investment funds.
Speakers said Prime focus of UCB Asset Management company will be on generating superior risk adjusted returns on a consistent basis for its investors.
UCB Asset Management will not confine itselfs to only Mutual Funds but we will offer full range of investment solutions such as seed funding, impact investment, venture capital, PE investments and alternative investments along with Managed Accounts for Institutions & High net worth individuals or families under the UCB umbrella.
We will introduce full-fledged wealth management services for our customers through which they can have access to better financial plans tailored to their needs. With the right team, UCB Asset Management aims to win the hearts of its investors through superior performance with infallible integrity, speakers opined.
