UBS Global Asset Management (UBSGAM) has sold the $10-billion multi-manager business OptiMix to ANZ.
The 13 staff involved with OptiMix, including OptiMix chief investment officer Emmanuel Calligeris, had moved across to ANZ, a bank spokesperson said.
"I can confirm that ANZ has acquired the Australian multi-manager OptiMix from UBS Global Asset Management," the spokesperson said.
"The OptiMix intellectual property, business assets and key staff have now moved to ANZ.
"The acquisition of OptiMix will not impact customer accounts or their investments."
ANZ has not disclosed a price for the multi-manager business, but said it was not material to the bank's activities.
UBS acquired the business as part of the takeover of ING Investment Management mid-last year.
In July last year, UBSGAM Australia and New Zealand head Ben Heap flagged the sale in an interview with Investor Weekly.
"[OptiMix's] primary client is ANZ and so ANZ has very much a vested interest in that business. We will work with them on that," Heap said at the time.
The purchase does not include the OnePath single-sector funds, which continue to be managed by UBSGAM.
