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Prudential shelves plans for separate Singapore wealth management unit

Tan Nai Lun

Tan Nai Lun

Published Wed, Sep 13, 2023 · 07:34 PM
    • Prudential will refocus its wealth offerings in Singapore, as part of its new strategy and to ensure it offers a clear proposition to its customers, the insurer says.
    • Prudential will refocus its wealth offerings in Singapore, as part of its new strategy and to ensure it offers a clear proposition to its customers, the insurer says. PHOTO: BLOOMBERG

    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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