UnionBank and ATRAM Merger.

UnionBank and ATRAM Merger.

  • Investment Agreement: UnionBank will acquire a 27.5% stake in ATR Asset Management Inc. (ATRAM), with existing ATRAM shareholders retaining 72.5%.
  • Merger of Subsidiaries: Union Bank Investment Management and Trust Corporation (UBIMTC) and ATRAM Trust Corporation (ATC) will merge, with ATC as the surviving entity.
  • Combined Assets: The merger will create a leading player in the trust industry with combined assets under management (AUM) of over Php485 billion.
  • Enhanced Capabilities: The partnership aims to integrate UnionBank’s digital expertise with ATRAM’s asset management solutions, offering a diverse range of financial products.
  • Client Base: UnionBank serves over 15 million clients, while ATRAM provides access to over 2 million retail investors.
  • Leadership Statements:
  • Regulatory Approvals: The investment and merger are subject to regulatory approvals and a rigorous evaluation process.
  • Advisors: AlphaPrimus Advisors acted as financial advisor to ATRAM, and Exchange Equity Partners served as financial advisor to UnionBank.

Company Profiles:

  • UnionBank: A leading retail bank and digital banking pioneer in the Philippines, recognized for its customer-centric and technology-driven solutions.
  • ATRAM Group: An independent asset and wealth management firm known for innovative products and technology-enabled platforms.

Excited for this merger. Have personally worked with these two entities and I do believe that there are great things to come!


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