Amundi, KKR, and Temasek’s Seviora Unit Bid for UOB’s Asset Management Arm

Singaporean banking giant United Overseas Bank (UOB) is attracting interest from major global investment firms for its asset management division. Amundi SA, KKR & Co., and Temasek Holdings’ Seviora unit have all submitted non-binding offers to invest in UOB Asset Management (UOBAM), according to reports from Hubbis and Yahoo Finance.

Strategic Review and Potential Deal Value

UOB has been strategically reviewing options for its asset management business as part of an effort to streamline its portfolio and focus on core banking operations as reported by Yahoo Finance. The potential transaction could value the business at several hundred million dollars according to PE Insights.

UOB Asset Management: A Regional Player

Established in 1986, UOB Asset Management is wholly owned by UOB and manages approximately $32 billion (S$41 billion) in assets as of late November 2025. The firm operates across a significant footprint in Asia, including Singapore, Brunei, Indonesia, Japan, Malaysia, Taiwan, Thailand, and Vietnam as detailed by Hubbis.

Key Negotiation Point: Distribution Network

A central point of negotiation in the potential deals is the extent of UOB’s Southeast Asian distribution network that would be included. The bidders are evaluating the value of access to UOB’s regional client base Hubbis reported and Yahoo Finance confirmed.

UOB’s Position

UOB has declined to comment on the market rumors, but emphasized its commitment to long-term shareholder value and customer needs according to Hubbis. Negotiations are ongoing, and there is no guarantee that any transaction will be finalized. Other potential bidders may similarly emerge.

Recent Activity by Bidders

Amundi recently acquired a 4.6% stake in ICG and entered a long-term partnership to expand private market opportunities for wealth clients in November 2025 as noted by Yahoo Finance.