CEO-cum-managing director David Lim said the new branch, located in Bayu Mutiara, near Icon City, would also serve as a private wealth investment centre for Seberang Perai, Kedah and Perak.

The branch, the 19th in the UOB Kay Hian stable, will offer comprehensive wealth management solutions, Lim said at the opening on Saturday.

Lim said the region offered great potential for businessmen, small and medium enterprises and multi-national corporations to better manage their investments.

“There is a growing demand (for wealth management services) to help them improve their earnings and to seek maximum returns with their cash,” he said.

Lim added that UOB Kay Hian had roped in many talented investment brokers and wealth advisors to provide the community with the best and most optimal solutions.

UOB Kay Hian Group is a regional stockbroking and corporate finance services group headquartered in Singapore.

It is the largest listed stockbroking company by market capitalization and size of sales force in the republic.