AllianzGI to Buy UOB Asset Management to Grow in Southeast Asia
Allianz Global Investors agreed to buy the asset management division of Singapore’s United Overseas Bank Ltd. to help its expansion in Southeast Asia.
By Manuel Baigorri, Leonard Kehnscherper, Elffie Chew and Chanyaporn Chanjaroen · Bloomberg Markets
Allianz Global Investors agreed to buy the asset management division of Singapore’s United Overseas Bank Ltd. to help its expansion in Southeast Asia.