Allianz Global Investors to acquire UOB Asset Management

Allianz Global Investors (AGI) has reached an agreement to acquire UOB Asset Management (UOBAM), the asset management arm of Singapore-based UOB Group. The acquisition covers UOBAM’s operations across eight Asian markets: Singapore, Brunei, Indonesia, Japan, Malaysia, Taiwan, Thailand, and Vietnam.

As part of the deal, UOB and AGI will enter into a long-term strategic distribution partnership. This arrangement is designed to strengthen UOB’s role as an open-architecture wealth distributor, providing its regional customer base of over 8 million people with access to a broader suite of investment products curated by AGI.

The transaction is priced at S$555 million (excluding one-off costs) and is expected to generate a pre-tax gain of approximately S$330 million. Subject to regulatory approvals, the deal is slated for completion in 2027. All 500 existing UOBAM employees are expected to transition to AGI, with the firm pledging to maintain their employment.