69 Prudential has announced the closure of its Hong Kong-based wealth management business, Pulse Wealth, as part of its broader efforts to streamline operations. The decision to shut down Pulse Wealth aligns with Prudential’s strategy to refocus on other wealth offerings while maintaining a presence in the Hong Kong wealth market. The company emphasized its commitment to the region by establishing a dedicated high-net-worth team to pursue opportunities in Hong Kong. “We’ve chosen to realign our focus to better align with our core wealth strategy,” stated Prudential. The closure of Pulse Wealth follows a similar move in Singapore last September, where Prudential also shuttered one of its wealth management platforms as part of a restructuring initiative. The decision to close Pulse Wealth was initially reported by specialist publication Pensions & Investments. You Might Be Interested In Warren Buffett’s 21-Quarter Streak: Continues to Acquire Shares in a Non-Apple Stock India’s Economic Ascent: The Slowly Trundling Elephant Gaining Momentum Ethiopia seeking $2 billion under IMF program Philips agrees to pay at least $479 million in Apnea-recall accord Thailand Adjusts Strategy Amid Shifting Chinese Economy, Eyes India as Alternative
