Prudential shelves plans for separate Singapore wealth management unit
PRUDENTIAL has shelved plans for a separate wealth management unit in Singapore.
It will instead refocus its wealth offerings in the Republic, as part of its new strategy and to ensure that it offers a clear proposition to its customers, the insurer said in response to queries from The Business Times (BT).
The response clarifies a media report by Citywire that the insurer was shutting its wealth management arm, Prudential Wealth Management Singapore, due to a change in strategy.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Puma returns to sales growth in Americas despite ‘volatile’ market
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
AstraZeneca lifts FTSE 100 to record high
Amazon breaks into Europe 5G networks with Telefonica cloud deal
Nanjing Xinjiekou Department Store announces May 23 EGM; Cordlife seeking legal advice
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up