As an External Asset Manager (EAM), UCAP AM Asia operates on a tripartite relationship.
UCAP AM Asia, as an External Asset Manager (EAM), signs a LIMITED POWER OF AUTHORITY (LPOA) with clients, whereby clients authorise UCAP AM Asia to manage their assets, including giving instructions to custodian banks to execute orders, except withdrawal authority.
UCAP AM Asia signs a framework agreement with custodian banks, whereby UCAP AM Asia, with the specific authorisations from clients, will execute orders upon clients’ instructions.
Upon the recommendation of UCAP AM Asia, clients will open accounts with the custodian banks to safe-keep their assets. Only clients have the authority to withdraw funds from the accounts.