UOB Asset Management Acquisition to Lift AllianzGI Asia Pacific Client Assets Above EUR 170 Billion

UOB Asset Management Acquisition to Lift AllianzGI Asia Pacific Client Assets Above EUR 170 Billion

(IN BRIEF) Allianz Global Investors has agreed to acquire UOB Asset Management, the asset management arm of Singapore-based UOB Group, in a transaction aimed at accelerating AllianzGI’s growth across Asia Pacific. The deal includes a long-term strategic distribution agreement with UOB Group, giving AllianzGI access to UOB’s retail client network and enabling a broader suite of investment products, wealth solutions and retirement offerings for clients across South-East Asia. The acquisition will strengthen AllianzGI’s presence in Singapore and provide established licensed operations in high-growth markets including Thailand, Malaysia and Vietnam. It will also support further growth in markets where AllianzGI already operates, including Singapore, Taiwan and Indonesia. The transaction is valued at SGD 555 million / EUR 376 million, including excess cash and the distribution agreement. Subject to regulatory approvals, it is expected to close in 2027.

(PRESS RELEASE) MUNICH, 5-Aug-2026 — /EuropaWire/ — Allianz Global Investors has entered into an agreement to acquire UOB Asset Management, the asset management business of Singapore-headquartered UOB Group, in a transaction designed to accelerate AllianzGI’s growth across Asia Pacific.

The agreement also includes a long-term strategic distribution partnership with UOB Group, enabling AllianzGI to broaden the range of investment products, wealth solutions and retirement offerings available to UOB clients.

AllianzGI said the combination will strengthen its business in Asia Pacific and bring the assets it manages for clients in the region to more than EUR 170 billion.

The combined investment management business is expected to be well positioned to deliver a market-leading client experience for investors across South-East Asia.

The transaction will significantly deepen AllianzGI’s presence in Singapore, a long-standing and strategically important market for the firm.

It will also provide AllianzGI with an established, on-the-ground and licensed presence in high-growth regional markets, including Thailand, Malaysia and Vietnam.

In addition, the acquisition is expected to support further scaling in markets where AllianzGI already has a presence, including Singapore, Taiwan and Indonesia.

AllianzGI said the transaction brings together highly complementary investment capabilities.

UOBAM contributes strong South-East Asian investment expertise, while AllianzGI brings a broad global product suite rooted in active investment management.

Together, the firms expect to offer clients access to a wider range of investment capabilities and solutions.

The combined platform will strengthen South-East Asian investment expertise, including regional and single-country equity strategies.

It will also expand capabilities in areas such as Sharia-compliant investment offerings, while supporting the future development of differentiated solutions for clients globally.

A key element of the transaction is the long-term distribution agreement with UOB.

The agreement gives AllianzGI long-term access to UOB’s retail client network and reflects UOB’s confidence in the combined group’s ability to serve clients with innovative investment products.

Tobias Pross, CEO of Allianz Global Investors, said UOBAM is one of South-East Asia’s leading asset managers, with respected investment capabilities and a strong distribution network.

He said adding UOBAM’s South-East Asian expertise to AllianzGI’s global platform will strengthen the combined offering and significantly accelerate growth in the region.

Pross said the transaction reinforces AllianzGI’s long-term commitment to broadening access to its investment offering in South-East Asia.

He added that the deal will provide deeper market connectivity and create new opportunities to engage with a larger client base.

With a stronger regional presence, AllianzGI expects to serve a broader range of investors through expanded wealth management and retirement solutions.

Wee Ee Cheong, Deputy Chairman and Chief Executive Officer of UOB, said the bank serves more than 8 million customers across ASEAN, whose wealth and investment needs are becoming increasingly diverse and sophisticated.

He said the partnership sharpens UOB’s focus on wealth advisory and distribution.

By combining UOB’s advisory expertise and customer relationships with Allianz Global Investors’ investment capabilities, the partners expect to meet evolving customer needs and support long-term wealth goals.

Wee added that the agreement will help UOB accelerate wealth management growth while enhancing long-term shareholder value.

He said continuity for customers and employees will remain a priority during the transition period.

He also thanked UOBAM’s management team and employees for their contributions over four decades in building a trusted regional asset management franchise.

UOB is the third-largest bank in South-East Asia by total assets.

The bank has more than 8 million clients and around 400 regional branches.

Through the distribution agreement, AllianzGI will be able to offer its global investment product suite to a broader investor base across South-East Asia.

UOBAM is headquartered in Singapore and operates across eight key Asian markets: Singapore, Brunei, Thailand, Malaysia, Indonesia, Taiwan, Japan and Vietnam.

The firm is an established South-East Asian asset manager with EUR 28 billion in assets under management.

AllianzGI said the transaction builds on its strong organic growth in Asia in recent years.

The acquisition will immediately double AllianzGI’s assets under management in Singapore, where the firm has served clients since 1999.

The transaction remains subject to regulatory approvals and is expected to complete in 2027.

The purchase price, including excess cash and the distribution agreement, is SGD 555 million, equivalent to approximately EUR 376 million.

The Asia Pacific assets under management figure is based on AllianzGI data as of June 2026 and UOBAM data as of 31 December 2025.

UOBAM’s EUR 28 billion assets under management figure is based on data as of 31 December 2025.

Through the proposed acquisition of UOB Asset Management and the accompanying distribution partnership with UOB Group, AllianzGI is strengthening its regional investment platform, expanding access to high-growth South-East Asian markets and creating a broader offering for investors seeking active investment, wealth and retirement solutions.

About UOB and UOBAM

UOB is the third largest bank in South-East Asia by total assets, with over 8 million clients and around 400 regional branches. Through the distribution agreement, AllianzGI will have the opportunity to offer its suite of innovative global investment products to an even broader range of investors across South-East Asia.

Headquartered in Singapore and present in eight key markets across Asia (Singapore, Brunei, Thailand, Malaysia, Indonesia, Taiwan, Japan and Vietnam), UOBAM is a well-established South-East Asian asset manager with EUR 28 billion2 of Assets Under Management.

Transaction details 

The transaction builds on AllianzGI’s strong organic growth in Asia in recent years. It will immediately double AllianzGI’s AuM in Singapore, a country in which AllianzGI has been serving clients since 1999.

The transaction, which is subject to regulatory approvals, is expected to be completed in 2027. The purchase price, which includes excess cash and the distribution agreement, is SGD 555 million / EUR 376 million.

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with more than 700 investment professionals in 22 offices worldwide and managing EUR 653 billion in assets. We believe that with every change comes an opportunity. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives. Curious and active in everything we do, we aspire to generate impact beyond alpha, steering our clients’ assets towards the right place at the right time, and building solutions that draw on capabilities across public and private markets. Our focus on protecting and growing our clients’ assets allows us to create trusted partnerships, underpinned by a commitment to sustainability and driving positive change.

Data as at June 30, 2026. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-à-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since July 25, 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group. Source: Allianz Global Investors; figures source Finance – firm AUM (single count) by investment asset class.

About UOB Group

UOB is a leading Asian bank with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of about 430 branches and offices in 19 markets.

Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

For more than nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to help businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of education, children and art, doing right by its communities and stakeholders.

Established in 1986, UOB Asset Management (UOBAM) is a wholly-owned subsidiary of UOB. Headquartered in Singapore, UOBAM has grown extensively across Asia with local presence in Brunei, Indonesia, Japan, Malaysia, Taiwan, Thailand and Vietnam.

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer.

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management’s current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.

Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally,  (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

Media Contact:

Heidi Polke
Head of Media Relations
+49 89 3800 99777
media.contact@allianz.com

SOURCE: Allianz