92 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 Bank of America’s Stock Sees 11% Year-to-Date Surge, Future Prospects Under Scrutiny Lockheed Martin Secures $756 Million Contract for U.S. Army’s Hypersonic Weapon System US Foods Beats Q1 Earnings Expectations, Maintains FY24 Outlook Rupee Gains 4 Paise, Reaches 82.87 Against US Dollar in Early Trade Nvidia Soars Despite Downgrade on High Valuation Visa Names Shruti Gupta VP for Commercial & Money Movement Solutions, India and South Asia
