05/08/2026
We would like to share an update regarding UOB Asset Management (UOBAM). Our parent company, United Overseas Bank Limited (UOB), has entered into an agreement for the proposed acquisition of UOBAM by Allianz Global Investors as part of a strategic initiative to position UOBAM for its next phase of growth and development.
As we embark on this next chapter, we want to reassure you that there are no immediate changes to our investment strategies and teams, servicing arrangements or product offerings. Our fiduciary responsibilities to you remain unchanged.
Our investment capabilities are highly complementary with those of Allianz Global Investors. We look forward to providing clients with access to a broader range of investment capabilities, opportunities and solutions, and believe this combination will enhance our ability to deliver long-term value to our clients and investors.
The announcement has been filed with SGX and is publicly available on SGX announcement: https://links.sgx.com/1.0.0/corporate-announcements/Y0SA42GJ6ST9YPVE/4b58dde7db43149ecd02f02507a6f58d8572854c999aabcdccbba250281bff86.
UOB announced on Aug 5 an agreement for Allianz Global Investors (AGI) to acquire UOB Asset Management (UOBAM). The acquisition by AGI covers UOBAM's franchise across eight Asian markets: Singapore, Brunei, Indonesia, Japan, Malaysia, Taiwan, Thailand and Vietnam.
As part of the agreement, UOB and AGI will establish a long-term strategic distribution partnership which combines UOB’s advisory expertise and customer relationships, with AGI's investment capabilities. The partnership builds on UOB’s open-architecture strategy, enabling the Bank to draw from a wide universe of investment capabilities while remaining focused on advice, suitability and long-term customer outcomes.
Subject to regulatory approvals in all applicable markets, the deal is expected to be completed in 2027. UOB and AGI look forward to working together to deliver long-term value and support our customers, employees and stakeholders.
Learn more: https://go.uob.com/4btOEim