ATRAM Trust Corporation Completes First-Ever Trust Corporation Merger in the Philippines, Setting New Industry Benchmark

ATRAM has completed the first-ever merger between trust corporations in the Philippines, officially absorbing UnionBank Investment Management and Trust Corporation as of January 9, 2026.

The merger strengthens investment and trust services, enhances digital capabilities, and sets a new benchmark for governance and innovation in the local trust industry.

ATRAM Trust Corporation (“ATC”) has completed its merger with UnionBank Investment Management and Trust Corporation (“UBIMTC”), following approval by the Bangko Sentral ng Pilipinas (“BSP”) and registration with the Securities and Exchange Commission (“SEC”).

The merger took effect on 09 January 2026, with ATC as the surviving entity. As of the effective date, ATC formally assumed all fiduciary and investment management responsibilities previously carried by UBIMTC.

This transaction marks the first merger between trust corporations in the Philippines, representing a significant milestone in the evolution of the country’s trust and investment management industry. The milestone reflects a strategic move toward scale, specialization, and strengthened governance, undertaken under close regulatory supervision and with a strong emphasis on client protection and continuity.

“This merger brings together two institutions with complementary strengths and a shared commitment to fiduciary excellence,” said Deanno J. Basas, President, ATRAM Trust Corporation. “With the transaction now completed, ATC is well-positioned to deliver a broader range of investment, wealth and trust solutions while maintaining the highest standards of governance, risk management, and client service.”

The integration combines ATC’s investment management expertise and diversified product capabilities with the digital infrastructure and extensive client reach of UBIMTC through UnionBank. This strengthened company enhances service delivery, expands fiduciary and investment solutions, and supports continued innovation across trust and asset management services.

With the merger complete, ATC is reinforcing its leadership position in the Philippine market and setting a precedent for future consolidation within the trust sector.