UBS Launches Digital Platform for Structured Products in Singapore and Hong Kong

UBS Global Wealth Management has gone live with a digital platform for structured products in Singapore and Hong Kong, providing customers in the two locations with access to a wide selection of products, the ability to customize these products, and the ability to trade them on the go through UBS's online banking platforms.

The product, called UBS Structured Products Digital, allows clients to personalize and transact popular structured products via UBS E-Banking and UBS Mobile Banking. Through the platform, users can access investment products linked to 1,500 underliers across major equity markets, exchanges and sectors, create baskets of equities, customize these products and determine their parameters, set the tenors they deem the most appropriate, and confirm trades within minutes.

Structured products are financial instruments that combine various traditional financial assets like stocks, bonds, options, and derivatives into a single investment product. These products are typically designed to meet specific investment objectives and risk tolerance of investors. They are also highly customizable and can be tailored to provide investors with exposure to a diversified portfolio of assets through just one investment.

Nicola Pantone, UBS's co-head of unified global markets for Asia-Pacific (APAC) said that the UBS Structured Products Digital platform aims to address the rise in demand for these investment products. The bank said that at launch, the platform will focus on providing access to equity-linked notes (ELNs) and reverse convertible notes (RCNs), but it will eventually expand its list of structured products available later on.

UBS Structured Products Digital is part of the bank's digital wealth and trading offering, which already provides clients with UBS My Way, a hybrid digital wealth management platform; We.UBS, a digital-led platform offering wealth management services to affluent clients in China; and UBS Neo, a multi-asset trading platform.

(Source: Fintech News Singapore)