(IN BRIEF) Allianz Global Investors has agreed to acquire UOB Asset Management, the asset management arm of Singapore-based UOB Group, in a transaction aimed at accelerating AllianzGI’s growth across Asia Pacific. The combined investment management business is expected to be well positioned to deliver a market-leading client experience for investors across South-East Asia. UOBAM contributes strong South-East Asian investment expertise, while AllianzGI brings a broad global product suite rooted in active investment management. Pross said the transaction reinforces AllianzGI’s long-term commitment to broadening access to its investment offering in South-East Asia. About UOB GroupUOB is a leading Asian bank with a global network in Southeast Asia, Asia Pacific, Europe and North America.