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Axa to shut financial advisory unit ipac in Asia

Leigh Powell
The financial planner informs its 2,000 clients it is shutting in a strategic move by Axa to focus on material insurance business. It will seek a new home for staff and customers.
Axa to shut financial advisory unit ipac in Asia

Insurer Axa is to close its multi-manager financial planning subsidiary ipac in Hong Kong and Singapore, affecting 2,000 individual clients and less than 100 staff in the region.

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