Unionbancal Corp., San Francisco, this month changed the name of its asset management unit to HighMark Capital Management, Inc.

The switch is designed to capitalize on the HighMark Funds brand name. The fund family had roughly $8 billion under management family at midyear.

The unit had been called Pacific Alliance Capital, but the existence of companies with similar names created some confusion.

Highmark aims to sign more institutional clients and add offshore funds, a company statement said.

Unionbancal, which is mostly owned by Bank of Tokyo-Mitsubishi, manages roughly $16.6 billion of assets.

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