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Manila Bulletin devider Business devider Banking & Finance devider Philippines' fourth largest asset manager formally emerges from UnionBank, ATRAM deal

Philippines' fourth largest asset manager formally emerges from UnionBank, ATRAM deal

Published May 8, 2025 05:20 pm

Union Bank of the Philippines and the ATRAM Group have finalized their partnership, aiming to revolutionize the Philippine asset management landscape by merging their trust operations and leveraging digital innovation. 

Under the agreement, UnionBank will acquire a 27.5 percent stake in ATR Asset Management, Inc. (AAMI), while AAMI will acquire 100 percent of UnionBank Investment Management and Trust Corporation (UBIMTC), ultimately leading to the merger of ATRAM Trust Corp (ATC) and UBIMTC.

According to Unionbank, the resulting entity will become the fourth-largest private asset management firm in the Philippines. This development follows the Bangko Sentral ng Pilipinas’ (BSP) approval in April of transactions leading to this proposed merger of trust entities. 

Announced in November 2024, the partnership combines UnionBank’s digital capabilities with ATRAM’s asset management expertise to offer more personalized and accessible wealth management solutions.

This milestone marks a pivotal step for UnionBank as we combine our digital leadership with ATRAM’s investment expertise to create smarter, more accessible wealth solutions for Filipinos. Together, we’re redefining asset management through digital-first innovation,” said Ana Maria Aboitiz Delgado, UnionBank President and CEO.

ATRAM Group CEO Michael V. Ferrer added, “With UnionBank, we're powering next-generation world-class digital investment solutions that grow client wealth. By leveraging digital innovations with our investment expertise, we are set to drive long-term financial growth and raise industry standards.”

The partnership, sealed recently after the BSP's earlier approval, intends to democratize investing and expand financial possibilities for Filipinos through innovation and digital leadership in asset and wealth management.

Related Tags

Union Bank of the Philippines ATRAM Group ATR Asset Management Inc. (AAMI) UnionBank Investment Management and Trust Corporation (UBIMTC) Bangko Sentral ng Pilipinas (BSP)
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