WikiFX Visited UOB Branch in Malaysia

Corporate Name: United Overseas Bank Limited (UOB)

Address: level 6 (A) main office tower, financial park labuan complex, jalan merdeka, 87000 labuan F.T., Malaysia

Visiting Date: August 19th, 2019

Visitor: WikiFX team

Previous on-the-spot investigation

Last time, we visited Deutsche Bank--the best bank in Germany. It turned out that the location of its Malaysian licensed office corresponds to the regulatory information. The company is in business under the regulation of LFSA. As an “eye” of global investors, we conduct spot checks on forex brokers and make overall assessments of these brokers afterwards. We use the assessments to better serve forex investors, helping them find the reliable forex brokers while keeping them away from illegal ones, and we remain committed to that goal despite all the challenges. Today, we're visiting United Overseas Bank Limited in Malaysia.

Company profile

United Overseas Bank Ltd (UOB) is a leading bank in Asia founded in 1935, with its headquarter in Singapore. Over the last 80 years, UOB has established an international network of over 500 offices in 19 countries and territories across the Asia-Pacific, Western Europe and North America. It is currently among the worlds top banks.

On-the-spot investigation

According to the regulatory address, we came to the Financial Park Complex. It is the largest business complex in the Federal Territory of Labuan, covering approximately 12 acres.

Upon entering the building, we could smell a pleasant fragrance in the air. The space inside the building is huge, occupied by offices of local and international financial institutions. Since we had no reservation, the receptionist politely asked us to fill out the visitor registration form. After that, we followed the company directory and successfully found UOBs Malaysian branch on the 6th floor.

Investigation summary

From this visit, we confirm that the address of UOB(Malaysia) is consistent with its regulatory address. According to UOBM Annual Report, UOB(Malaysia) was awarded the Best Supply Chain Solution provider by Treasury Today Asia at the Adam Smith Awards Asia 2018 and Best Working Capital Solution in Malaysia by The Asset at The Asset Triple A Treasury, Trade, Supply Chain and Risk Management Awards 2018. UOB (Malaysia) has gained such international recognition due to its strong customer service awareness as well as financial supply chain management capabilities. As Chairman of UOBM Dato‘ Jeffrey Ng Tiong Lip had said, “UOB (Malaysia) will continue to improve our capabilities to meet our customers’ needs while remaining prudent and disciplined in pursuing sustainable growth. ”

Conclusion

WikiFX App indicates that UOB is rated at 5.71 and holds the MM license issued by LFSA, currently in valid regulation. As of now, we have visited hundreds of brokers, many of which are presented in multiple angles with the help of VR technology. Apart from that, we have archived over 10,000 brokers on the WikiFX App, offering tremendous forex information for investors.