Metrobank Sells Asset Management Unit to ATRAM

The Board of First Metro Investment Corporation (FMIC) approved to sell FMIC's 70% stake in First Metro Asset Management, Inc. (FAMI) on October 30, 2024. FMIC and MET Holdings, Inc. of the ATRAM Group have signed the Share Purchase Agreement on October 30, 2024. The completion of the transaction is contingent upon the fulfillment of the conditions specified in the agreement. ​

First Metro Investment Corporation is the investment banking arm of Metrobank, a premier universal bank and among the foremost financial institutions in the Philippines. First Metro has a years of track record in origination, structuring, execution, and distribution. The company offers a complete suite of products and services: debt and equity underwriting, loan syndication, project finance, financial advisory, government securities and corporate debt trading, equity brokering, asset management, and research.
 
First Metro Asset Management, Inc. (FAMI) was established by First Metro Investment Corporation (FMIC) in partnership with the Catholic Educational Association of the Philippines (CEAP) and Marist Brothers Congregation Philippines, Inc.

FAMI is a proud investment manager and distributor of First Metro mutual funds. Investment manager, administrator, and principal distributor of First Metro mutual funds and First Metro Philippine Equity Exchange Traded Fund (FMETF), the country's first exchange-traded fund (ETF).

The ATR Asset Management Group (ATRAM or ATRAM Group) operates through ATR Asset Management, Inc. and the ATRAM Trust Corporation. This group manages portfolios consisting of mutual funds, trust assets, insurance portfolios, and real estate for proprietary and third-party clients.
 
Metrobank is the country's second largest private universal bank that empowers both retail and business clients with customized financial products and services fit to help reach their goals and full potential. It has an extensive consolidated network that spans over 950 domestic branches nationwide, more than 2,300 ATMs, and around 30 foreign branches, subsidiaries, and representative offices. The Bank believes that its robust capital position and balance sheet strength will provide ample support as it navigates through uncertain times. Capital ratios are among the highest in the industry, with total CAR at 17.1% and Common Equity Tier 1 (CET1) ratio at 16.3%. Consolidated assets stood at PHP3.3 trillion at the end of September 2024, making it one of the strongest and well-capitalized banks in the country.