Prudential shelves plans for separate Singapore wealth management unit
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Tan Nai Lun
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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.
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