Pru Life UK expands partnership with ATRAM

Pru Life UK expands its strategic partnership with the ATRAM Group (ATRAM) as part of its growth strategy to focus on its core business and fulfil the evolving needs of its growing customer base.

Following the approval of the Bangko Sentral ng Pilipinas (BSP), the trust operations and entire fiduciary portfolio of PAMTC will be transferred to ATRAM Trust Corporation (ATRAM Trust) in November 2023. ATRAM Investment Management Partners Corp., an affiliate of ATRAM Trust, will acquire PAMTC as an entity by 2024, subject to certain regulatory conditions.

“PAMTC has grown its portfolio, offering a superior selection of funds for Filipinos who want to achieve their financial goals. With Pru Life UK and ATRAM’s shared goal of helping more Filipino families live wealthier, we look forward to ATRAM continuing the legacy of PAMTC,” shares Eng Teng Wong, Pru Life UK President & CEO.

With ATRAM’s strength and solid track record in asset and wealth management, customers’ funds will continue to be managed well.

“We want to assure PAMTC clients of a smooth transition.  With a long and proven track record in asset management, ATRAM brings a robust investment process built on best practices with a focus on risk management. This ensures that your client portfolios are well managed and will deliver the expected performance on a consistent basis,” said Michael Ferrer, Chief Executive Officer of ATRAM Group.

Pru Life UK and ATRAM announced their strategic partnership in August 2023. ATRAM was selected following a rigorous evaluation and approval process. With the strategic partnership, Pru Life UK and ATRAM will also co-develop and launch more innovative and customer-centric investment solutions to further strengthen their investment performance for customers.