HONG KONG/LONDON : Insurer Prudential has shut down its Hong Kong wealth management business Pulse Wealth, the company said in a statement to Reuters on Wednesday, as part of a wider push to streamline its business.
FILE PHOTO: A general view of Two International Finance Centre , HSBC headquarters and Bank of China are seen in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo
FILE PHOTO: The logo of British life insurer Prudential is seen on their building in London, Britain March 17, 2019. REUTERS/Simon Dawson/File Photo Prudential said it had closed the platform to refocus on other wealth offerings and remained in the Hong Kong wealth market. The company had set up a dedicated high net worth team to target opportunities in Hong Kong, it added.
"We've taken the decision to redirect our focus to align with our core wealth strategy," Prudential said.The move comes after Prudential shut one of its wealth management platforms in Singapore in September, as part of a shake-up to refocus its business. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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