The ATR Asset Management Group (ATRAM) is making significant moves in the financial sector, confirming its acquisition of First Metro Asset Management Corp. (FAMI) from the Ty family and entering into discussion with Union Bank of the Philippines for its trust business.
UnionBank confirmed in a recent disclosure that discussions with ATRAM are ongoing but emphasized that no final agreement has been reached. The bank said, “There are ongoing discussions, but nothing has been finalized.”
In a separate announcement, First Metro Investment Corp. (FMIC) said that its board has approved the sale of its entire stake in FAMI to ATRAM. FMIC president Anthony Ocampo commented, “The ATRAM Group is a reputable and respected player in the industry for its expertise in fund management. We are confident that it can carry out what we have started in FAMI and even bring the company to greater heights.”
While the financial details of the sale have not been disclosed, ATR Holdings president Manuel Tordesillas expressed optimism about the acquisition, saying, “FAMI is a valuable acquisition for us as we aim to expand our fund management operations in the country. It is a strategic business move given its mix of funds.”
Tordesillas also assured FAMI clients that the transition will be seamless, emphasizing ATRAM’s commitment to maintaining high service standards. “The parties in this transaction wish to assure FAMI’s clients of a smooth transition and uninterrupted continuation of business,” he said.
FAMI, established in 2025, aims to enhance investment literacy and provide reputable investment products, primarily to the education and religious sectors. It is jointly owned by FMIC (70 percent), the Catholic Educational Association of the Philippines (CEAP), and the Marist Brothers Congregation Philippines Inc. (each holding 15 percent).
The ATRAM Group, an independent asset and wealth management firm, focuses on serving both institutional clients and retail customers through technology-enabled platforms. With this acquisition, ATRAM aims to further its mission of securing clients’ financial futures.
As ATRAM prepares for this expansion, both FAMI’s leadership and service quality are set to remain intact, ensuring continuity and stability for clients amidst these changes.
