Allianz enters deal to acquire UOB asset management arm

Allianz Global Investors has reached an statement to bargain UOB Asset Management (UOBAM) successful a transaction valued astatine S$555m($432.7m).

The woody covers UOBAM's operations successful 8 Asian markets - Singapore, Brunei, Indonesia, Japan, Malaysia, Taiwan, Thailand and Vietnam.

Alongside the sale, UOB and AGI volition participate a organisation partnership.

Under this arrangement, UOB volition proceed to connection concern products to its determination lawsuit base, moving with AGI connected a wider scope of products and solutions.

UOB said the determination fits with its open-architecture attack to wealthiness distribution, with a absorption connected advice, suitability and semipermanent lawsuit outcomes.

It added that the concern would widen lawsuit prime crossed antithetic concern profiles, beingness stages and fiscal goals.

UOB lawman president and CEO Wee Ee Cheong said: "This concern sharpens our absorption connected wealthiness advisory and distribution. By combining UOB's advisory expertise and lawsuit relationships with Allianz Global Investors' concern capabilities, we are good positioned to conscionable our customers' evolving needs and enactment their semipermanent wealthiness goals. This besides enables america to accelerate wealthiness absorption maturation portion enhancing semipermanent shareholder value. During the modulation period, maintaining continuity for customers and employees is our priority."

The transaction is taxable to regulatory clearance successful the applicable markets and owed to adjacent successful 2027.

All 500 UOBAM employees successful the portion are acceptable to determination to AGI arsenic portion of the transaction.

Until completion, UOBAM's concern volition proceed operating arsenic normal.

Excluding one-off transaction expenses, UOB said the merchantability is expected to effect successful a pre-tax summation of astir S$330m and assistance the group's CET ratio by an estimated 14 ground points.

As of 31 December 2025, UOBAM had astir S$42bn successful assets nether management.

AGI said the acquisition would rise the assets it manages for clients successful Asia Pacific to much than €170bn ($196.bn).

Allianz Global Investors CEO Tobias Pross said: "With a strengthened determination presence, we volition beryllium capable to service an adjacent broader scope of investors, providing them with entree to a wider scope of innovative wealthiness absorption and status solutions that assistance them conscionable their concern objectives."  

"Allianz enters woody to get UOB plus absorption arm" was primitively created and published by Private Banker International, a GlobalData owned brand.