The Aboitiz family’s Union Bank of the Philippines has sold its trust business to ATRAM while buying into its future, taking a 27.5 percent stake in ATR Asset Management Inc. as part of a newly finalized strategic partnership.
First Metro Investment Corp. (FMIC), part of the Metrobank Group, finalized the sale of its 70-percent stake in First Metro Asset Management Inc. to ATRAM Group through a deed of absolute sale signed on Dec. 18, 2024.