AllianzGI bolsters APAC footprint through UOB acquisition
The transaction will integrate UOB’s asset management arm to create a combined investment management business; move boosts AllianzGI’s APAC assets under management to €170 billion.
The transaction will integrate UOB’s asset management arm to create a combined investment management business; move boosts AllianzGI’s APAC assets under management to €170 billion.
The deal is set to close in Q4 2026 and will expand the asset manager’s footprint in Australia, adding approximately $33 billion to the firm’s regional fixed income, broad-cap equities and small-cap equities offering.
Appointment will be based in Hong Kong; previously held the same role at HSBC for five years.
Move comes after almost three decades at BlackRock, most recently as co-head of global trading.
The past week has been one for the books, with a multitude of hires across the buy- and sell-side including new heads of desk and trader appointments.
Through the combined solution, xyt will provide TCA and execution intelligence, while eflow will deliver trade surveillance technology; partnership aligns with increasing regulatory emphasis on transparency and strategy.
New hire brings more than 15 years of buy- and sell-side experience, and has also served at Man Group, Apollo Global Management and NatWest Markets.
Individual joins as an emerging markets fixed income trader and was formerly one of The TRADE’s Rising Stars of Trading and Execution in 2022.
“Buy-side research budgets are already under pressure, so it's understandable that they wouldn't welcome a new set of licensing accompanied by new costs and they are banking on a fear from the sell-side that being frozen out of an asset manager's LLM would be a very cold place to be in future,” Substantive Research chief executive tells The TRADE.
The suggested reform package would simplify AIFMD-related rules from 2013; the move would "particularly boost freedom for smaller firms to find new ways to achieve the same high standards", said FCA markets director.