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THE Atram Investment Management Partners Corp. (Atram Investment) is set to acquire Pru Life UK Asset Management and Trust Corp. (PAMTC) by 2024 with Atram Investment absorbing the latter’s fiduciary portfolio by November this year. Through a statement, Pru Life lnsurance Corp. of U.K. (Pru Life UK) said it will focus on its core business
SEEDBOX Technologies Inc. (Seedbox) announced last Wednesday it received a $6-million investment by new investors SBI Ventures Singapore Pte. Ltd. (SBI Ventures) and Philippine Equity Partners Inc. (PEP). Seedbox is a joint venture between the independent asset and wealth management Atram group and the Indonesian-based software company PT Indivara. Rex…
Sun Life Philippines further slashed its Philippine economic growth estimate for this year after factoring in the lack of spending in the country, which it blamed on the impact of the coronavirus disease 2019 (Covid-19) pandemic. In a briefing on Thursday, Sun Life Philippines Chief Investments Officer Michael Enriquez said the life insurance company now forecast the countryâs gross domestic product (GDP) to shrink by 8.8 percent this year, worse than its earlier outlook of a 2- to 2.5-percent contraction. This latest projection implies a contraction of about 5.7 percent in the fourth qu...