Aboitiz-backed UnionBank completed the acquisition of 27.5% of stake in Atram Group.

Aboitiz-backed UnionBank, an universal bank, completed the acquisition of 27.5% of stake in Atram Group, a provider of investment solutions. This partnership allows us to strengthen our offerings and provide even more tailored services to our customers, especially our larger Wealth client base as a result of the acquisition of Citibank Philippines’ consumer banking business. We are committed to ensuring they have access to the best financial solutions available while also creating broader career opportunities for our employees in a larger and very dynamic organization,” Edwin R. Bautista, UnionBank President and CEO.