UOB sells asset management arm to AllianzGI with distribution tie-up

By Amelia Bo | 5 August 2026 | 2 minutes read

UOB Group will sell its asset management arm to Allianz Global Investors (AllianzGI) and enter into a long-term distribution agreement with the firm, continuing a trend of consolidation in the asset management industry. Singapore-headquartered UOB Group has entered into an agreement to sell UOB Asset Management (UOBAM) to AllianzGI for S$555 million (US$432.8 million), including excess cash and the distribution…

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