ATRAM Trust completes merger with UnionBank Investment

ATRAM Trust Corporation (ATC) on Monday announced the completion of its merger with UnionBank Investment Management and Trust Corporation (UBIMTC), marking the first merger of its kind in the Philippines.

Under the merger, ATC— as the surviving entity —assumed all fiduciary and investment management responsibilities previously carried by UBIMTC, as approved by the Bangko Sentral ng Pilipinas (BSP) and registered with the Securities and Exchange Commission (SEC).

“This merger brings together two institutions with complementary strengths and a shared commitment to fiduciary excellence,” ATC President Deanno Basas said in a statement.

“With the transaction now completed, ATC is well-positioned to deliver a broader range of investment, wealth, and trust solutions while maintaining the highest standards of governance, risk management, and client service,” he added.

The ATRAM Group operates mutual funds through ATR Asset Management Inc., and unit investment trust funds, trust, and investment management services through ATRAM Trust Corp.—MCG, GMA Integrated News