Under the terms of an investment agreement, ATRAM's existing shareholders will retain the remaining 72.5 percent.
The partnership will lead to a merger between Union Bank Investment Management and Trust Corp. (UBIMTC) and ATRAM Trust Corp., with ATC as the surviving entity. The consolidation leverages the strengths of both UnionBank and ATRAM to create a leading player in the trust industry with combined assets under management (AUM) exceeding P485 billion, based on the latest data.
"This partnership allows us to strengthen our offerings and provide even more tailored services to our customers, especially our larger Wealth client base as a result of the acquisition of Citibank Philippines' consumer banking business," UnionBank president and CEO Edwin Bautista said.
Diese Geschichte stammt aus der November 12, 2024-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der November 12, 2024-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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