Amundi, KKR, and Temasek Compete for United Overseas Bank's Asset Management Division

Amundi, KKR, and Temasek's Seviora unit are reportedly among the contenders for acquiring United Overseas Bank's asset management arm. Bloomberg posted on X, citing unnamed sources familiar with the matter. The sale process, which is still in its early stages, has attracted interest from several prominent financial firms. United Overseas Bank is seeking to divest its asset management division as part of a strategic review aimed at optimizing its business operations. The potential acquisition is expected to enhance the buyer's portfolio and expand their presence in the asset management sector. Further details regarding the transaction have not been disclosed, and the involved parties have yet to comment on the matter.