Pru Life UK to open asset management company in Philippines

Pedro Gonçalves
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Pru Life UK to open asset management company in Philippines

British life insurer Pru Life UK, a subsidiary of international financial services group Prudential , is on-track to establish an asset management and trust unit in the Philippines before the end of the year. The new unit will  offer more diverse investments to Filipinos, as Prudential sees that equities and bond markets in the Philippines remain shallow. Regulatory approvals have been secured from the Bangko Sentral ng Pilipinas (BSP) to establish a new and wholly-owned unit offering a...

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