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UOB Reportedly Exploring Strategic Options Including Sale of Asset Mgmt Firm
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United Overseas Bank (UOB) is working with financial advisors to conduct a strategic review of its asset management company, UOB Asset Management, involving options such as a sale or bringing in a partner, Bloomberg reported, citing people familiar with the matter. UOB Asset Management was established in 1986, and its asset size was approximately USD28.8 billion as of the end of the first quarter. The company may attract interest from other industry players, insurance companies, and private equity firms. AASTOCKS Financial News Website: www.aastocks.com |
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