The agreement adds a strategic distribution partnership and deepens reach across key Southeast Asian markets.

Allianz Global Investors (Allianz GI) has inked an agreement to acquire UOB Asset Management (UOBAM), the asset management business of Singapore-based regional bank UOB Group, further deepening its presence in the city-state. The combined platform will offer strengthened regional and single-country equity strategies The transaction will strengthen Allianz GI’s business is Asia Pacific, bringing the assets it manages for clients in the region to more than €170 billion (US$195 billi