UOB Annual Report 2002 - United Overseas Bank

Notes to the Financial Statements
for the financial year ended 31 December 2002
46 Subsidiaries (continued)
Percentage of
Paid–Up Capital Held By
Country of Place of Carrying Amount of
Incorporation Business The Bank Subsidiaries Bank’s Investment
2002 2001 2002 2001 2002 2001
% % % % $'000 $'000
Trustee/Investment Management
OUB Asset Management Ltd Singapore Singapore 100 – – 100 13,455 –
++ OUB Optimix Funds
Management Limited Singapore Singapore – – 100 – – –
Overseas Union Bank Trustees Ltd Singapore Singapore 20 – 80 51 1,437 –
United Overseas Bank
Trustee Limited Singapore Singapore 20 20 80 80 100 100
UOB Asset Management Ltd Singapore Singapore 100 100 – – 2,000 2,000
UOB Bioventures
Management Pte Ltd Singapore Singapore – – 100 100 – –
** UOB Global Capital (Dublin) Ltd Ireland Ireland – – 100 100 – –
** UOB Global Capital LLC United States United States
of America of America – – 70 70 – –
UOB Global Capital Private Limited Singapore Singapore 70 70 – – 67 72
** UOB Global Capital SARL France France – – 100 100 – –
UOB Hermes Asia
Management Pte Limited Singapore Singapore – – 60 60 – –
* UOB Investment Advisor
(Taiwan) Ltd Taiwan Taiwan – – 100 100 – –
UOB Venture Management
Private Limited Singapore Singapore 100 100 – – 250 250
* UOB-OSK Asset
Management Sdn Bhd Malaysia Malaysia – – 70 70 – –
+ OUB (Australia) Securities
Pty Ltd (liquidated during the year) Australia Inactive – – – 100 – –
+ OUB-TA Asset
Management Sdn Bhd
(under voluntary liquidation) Malaysia Inactive – – 51 51 – –
Nominee Services
* Chung Khiaw Nominees Hong Kong Hong Kong
(H.K.) Limited S.A.R. S.A.R. 100 100 – – 2 2
Far Eastern Bank Nominees
(Private) Limited Singapore Singapore – – 100 100 – –
Mandarin Nominees Pte Ltd Singapore Singapore – – 100 100 – –
* OUB Nominees (Asing) Sdn Bhd Malaysia Malaysia – – 100 100 – –
* OUB Nominees (Tempatan) Sdn Bhd Malaysia Malaysia – – 100 100 – –
Overseas Union Bank Nominees
(Private) Limited Singapore Singapore 100 – – 100 192 –
* Overseas Union Nominees
(H.K.) Limited
[formerly known as
Overseas Union Bank Nominees Hong Kong Hong Kong
(H.K.) Limited] S.A.R. S.A.R. 100 – – 100 4 –
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