UOB and Allianz Global Investments have reached an agreement to acquire UOB Asset Management. The transaction price was SGD 555 million, not including one-time transaction costs. It is expected to generate pre-tax revenue of approximately S$330 million and increase UOB's CET1 ratio by about 14 basis points. The deal is expected to close in 2027 and is subject to necessary regulatory approvals. All 500 of Dahua Asset Management's current employees in the region will transition to AGI, and AGI is committed to maintaining and continuing to hire these employees. UOB and AGI will also establish a long-term strategic distribution partnership.

UOB and Allianz Global Investments have reached an agreement to acquire UOB Asset Management. The transaction price was SGD 555 million, not including one-time transaction costs. It is expected to generate pre-tax revenue of approximately S$330 million and increase UOB's CET1 ratio by about 14 basis points. The deal is expected to close in 2027 and is subject to necessary regulatory approvals. All 500 of Dahua Asset Management's current employees in the region will transition to AGI, and AGI is committed to maintaining and continuing to hire these employees. UOB and AGI will also establish a long-term strategic distribution partnership.