Allianz to Buy UOB's Asset Management Arm for $432.
8m The acquisition of UOB's asset management arm by German insurer Allianz is a significant development in the world of global finance, marking a seismic shift in the region's asset management landscape.
The deal, worth $432. 8 million, enables Allianz to expand its presence across eight Asian markets and gain a foothold in Thailand, Malaysia, and Vietnam.