UBS Optimus Foundation, which claims to be the only foundation linked to a global wealth manager staffed with philanthropy experts, has launched a new entity in Hong Kong, a Hong Kong registered charitable foundation with tax-exempted status.
Through the new entity, clients can access a larger selection of philanthropic options and opportunities to support a wider scope of charitable causes, including education, health, child protection, climate and social finance, UBS said.
In addition, UBS is also launching a new offering, the UBS Donor Advised Fund in Hong Kong, which offer clients a flexible and efficient alternative to setting up their own foundation and can be managed in line with their usual investment approach.
“Clients are looking for more opportunities to have an impact, through their investments, their businesses and their philanthropy. With the new Optimus Foundation in Hong Kong and the Donor Advised Fund offering, UBS can help them make impact where it matters most to them, and create a better world for our future generations,” said Amy Lo, co-head of wealth management in Apac at UBS Global Wealth Management and head and chief executive of UBS Hong Kong.
