Asia
sun Life and khazanah nasional in final talks
Sun Life and Khazanah Nasional are in final talks to buy the Malaysian joint venture of CIMB Group and Aviva, according to local media reports.
aviva bid for singapores pias
Aviva’s deal to acquire around 81% of the holding company which owns Singapore’s Professional Investment Advisory Services Pty is still on, in spite of being at least two months late in its scheduled completion, according to the managing director of the Australian company selling PIAS.
asian and indian clients catered for
Standard Life, which last year formally opened an office in Singapore in preparation for marketing investment products there, today unveiled a suite of three basic products that it plans to market specifically to affluent Asian and Indian clients as well as to the more traditional, English-speaking expatriate sector.
hsbcs ping an insurance stake sale hits problems
HSBC’s planned sale of its $9.4bn stake in Ping An Insurance to Thai conglomerate CP group is likely to be rejected by China’s insurance regulator, according to reports.
prudential in deal with acleda bank
Prudential Corporation Asia has established a “long term strategic distribution partnership” with ACLEDA Bank Plc to market life insurance products in Cambodia, and has signed up its first clients there.