Metrobank arm sells 70% stake in fund manager

By Earl John Alfaro

Oct 31, 2024 12:19 am

FIRST Metro Investment Corp., the investment banking arm of Metropolitan Bank and Trust Co. (Metrobank), on Wednesday said that its board had approved the sale of its 70-percent stake in fund manager First Metro Asset Management, Inc. (FAMI) to the ATRAM Group.

The buyers consist of the group's parent company, ATRAM Investment Management Partners Corp. and MET Holdings, Inc. (MET).

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