Aiming to expand their non-banking business portfolios, major financial firms, including local financial groups, are closely examining whether to add new insurance subsidiaries, as two insurers - KDB Life Insurance and ABL Life - are currently looking for new owners. Lotte Insurance and Tongyang Life Insurance are also deemed as candidates that are likely to be put up for sale within the next several months, attracting the interest of potential buyers.
In less than a week since Heungkuk Life Insurance decided to delay the exercise of a $500 million call option on its dollar-denominated perpetual bonds, sending a shockwave to Korean companies dollar bonds market, the life insurer reversed its position in a move to calm and rectify souring investment sentiment in Korean companies bonds markets.
The specialised investment firm is establishing its first office in Australia. Pretium Partners has announced the appointment of Craig Matthew as MD for Australia & New Zealand alongside the establis
The US-based investment manager is bolstering its business development capabilities in Australia, opening an office and appointing a managing director.
Pretium Partners made two senior hires in the expansion of its business development activities, with Jayme Han and Craig Matthew joining as managing directors.