Philippines' fourth largest asset manager formally emerges from UnionBank, ATRAM deal

Philippines' fourth largest asset manager formally emerges from UnionBank, ATRAM deal

Union Bank of the Philippines and the ATRAM Group have finalized their partnership, aiming to revolutionize the Philippine asset management landscape by merging their trust operations and leveraging digital innovation. Under the agreement, UnionBank will acquire a 27.5 percent stake in ATR Asset Management, Inc. (AAMI), while AAMI will acquire 100 percent of UnionBank Investment Management and Trust Corporation (UBIMTC), ultimately leading to th…