# United Overseas Bank

United Overseas Bank is a Bank / Wealth / Trust based in Singapore, Singapore.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** 80 Raffles Place, UOB Plaza, Singapore 048624
- **Founded:** 1935
- **Assets under management:** Undisclosed
- **Website:** uobgroup.com

## Regulatory record

- **Reports private funds:** No

## About

United Overseas Bank (UOB) offers personal financial services, wealth management, private banking, venture capital management, and insurance from its base in Singapore.

## Sectors

- Real Estate
- Private Credit
- Hedge Funds
- Private Equity

## People

- Wee Ee Cheong — Deputy Chairman and CEO

## Questions

### How does UOB deploy proprietary capital alongside its banking operations?

UOB runs a significant proprietary investment book alongside its commercial lending and wealth management arms. The bank deploys capital directly into real estate, private equity, and fixed income, often originating its own deals through the corporate banking pipeline. This hybrid model means the group can underwrite, hold, and syndicate positions — a capability that separates it from pure-play fund managers in the region.

### What is UOB Asset Management and how does it relate to the bank's internal investment activity?

UOB Asset Management is a wholly owned subsidiary that manages money for institutional and retail clients across equities, fixed income, multi-asset, and alternative strategies. It operates separately from the bank's proprietary investment desk, though the two businesses share research and deal-flow origination capabilities drawn from the bank's regional corporate and commercial banking network.

### Which real estate markets does UOB invest in?

UOB's proprietary and managed real estate exposure concentrates on Singapore, Malaysia, Thailand, and China. The bank holds interests in prime commercial assets in Singapore's Raffles Place and Orchard Road corridors, and its asset management unit runs real estate investment strategies targeting development and income-producing properties across key Southeast Asian cities.

### Does UOB invest in external funds or only direct deals?

UOB participates in both direct investments and fund commitments. The group's alternatives allocation includes allocations to external private equity funds, hedge funds, and real estate vehicles, managed through UOB Asset Management and the bank's treasury division. Direct co-investment alongside GPs is a growing portion of the book, leveraging origination relationships built through the corporate banking arm.

### What happened to UOB's regional consumer banking footprint in 2024?

In January 2024, UOB completed the integration of Citigroup's consumer banking businesses in Indonesia, Malaysia, Thailand, and Vietnam. The acquisition added approximately 5,000 customers and expanded the bank's wealth management platform across four key ASEAN markets. The deal signaled UOB's intent to deepen its regional retail and wealth presence beyond Singapore.

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Last updated: 2026-06-03T20:00:00.000Z

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