Allianz Investment plans to acquire DaHua Asset Management for 376 million euros, strengthening its presence in the Asia-Pacific market.

On August 5, Allianz Investment announced that it has reached an agreement with United Overseas Bank (UOB) of Singapore to acquire its asset management business, UOB Asset Management. After the transaction is completed, Allianz Investment will manage client assets in the Asia-Pacific region totaling over 170 billion. The transaction consideration is SGD 555 million, which includes excess cash and the value of distribution agreements, and is expected to be completed in 2027, pending regulatory approval.