UOB sells UOBAM’s eight-market business to Allianz Investment

▤ Summary

UOB Group announced a strategic distribution partnership with Allianz Investment and agreed to sell all of UOB Asset Management’s operations across eight Asian markets. The deal is valued at SGD 555 million and is expected to generate a pretax gain of SGD 330 million. About 500 employees from those operations will move to Allianz Investment. The transaction still needs regulatory approval and is expected to close in 2027.

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