MetLife IM wins Hong Kong licence, sets up team
US insurer MetLife is ramping up its asset management business in Asia to expand its regional client base. It is also reportedly looking to sell its Hong Kong insurance unit.
MetLife Investment Management has won approval to provide asset management services in Hong Kong and assembled a team to run portfolios for clients in the city, AsianInvestor can reveal.
The development marks the passing of an important milestone for the firm, part of US insurer MetLife, as it looks to expand its Asian client base.
“Now that we have our Hong Kong licence we plan on adding sales, client service and compliance staff to amplify our global insurance and pension fund…
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