# UOB Private Bank

UOB Private Bank is a Bank / Wealth / Trust based in Singapore, Singapore.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Singapore, Singapore
- **Region:** Asia
- **Address:** Singapore
- **Founded:** 1935
- **Assets under management:** Undisclosed
- **Website:** www.uob.com.sg
- **LinkedIn:** linkedin.com/company/uob

## Regulatory record

- **Reports private funds:** No

## About

UOB Private Bank is a wealth manager based in Singapore. It manages approximately $133.4 billion in assets, primarily focusing on the Asia region.

## Sectors

- Private Credit
- Real Estate
- Hedge Funds
- Private Equity
- Secondaries & Special Situations

## People

- Wee Ee Cheong — Deputy Chairman and CEO, United Overseas Bank

## Questions

### Who runs investment decisions at UOB Private Bank?

Investment strategy and product governance sit within a central team inside the private bank, overseen ultimately by group deputy chairman and CEO Wee Ee Cheong. Day-to-day advisory and discretionary execution is delivered by relationship managers and portfolio counsellors located in Singapore and onshore branches. The private bank sources alternative investments partly through the group's asset management and venture capital units.

### How is UOB Private Bank related to the Wee family and United Overseas Bank?

The Wee family founded United Overseas Bank and remains its largest shareholder. Wee Ee Cheong, grandson of the founder, serves as deputy chairman and group CEO. UOB Private Bank has no separate corporate structure; it is the ultra-high-net-worth and high-net-worth division of the banking group, enabling it to draw on the parent's balance sheet for credit and on its commercial and corporate banking network for client referrals.

### Does UOB Private Bank commit to private equity or venture capital funds?

The private bank offers private-equity and venture-capital access predominantly through UOB Venture Management, the group's direct-investment arm, and via external fund managers curated for clients. It does not disclose a dedicated private-equity fund-of-funds vehicle, but clients gain exposure to fund commitments, co-investments and direct venture deals across Asian growth-stage firms, technology and healthcare.

### What is UOB Private Bank's footprint outside Singapore?

Through UOB's regional subsidiaries, the private bank maintains onshore private-banking teams in Indonesia, Malaysia, Thailand and Vietnam. This footprint expanded materially in late 2023 when UOB acquired Citigroup's consumer franchises in those four markets, bringing local asset pools and additional high-net-worth relationships under the UOB umbrella.

### What is the bank's known posture on sustainable or impact investing?

UOB has issued green and sustainability-linked loans and has frameworks for sustainable finance across the group. The private bank offers ESG-screened funds and, through UOB Venture Management, participates in impact-aligned venture investing in Asia. Specific impact investment mandates for private wealth clients, however, remain client-led rather than a dedicated private-bank product line.

### How concentrated are UOB Private Bank's client assets by geography?

While UOB does not break out private-bank assets by book, the client base is heavily Southeast Asian, with Greater China — especially Hong Kong and mainland-linked flows — the second-largest wealth corridor. Singapore serves as the primary booking center, with additional onshore assets booked locally in each ASEAN market through the group's licensed subsidiaries.

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

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