Prudential is seeking advisory services to review Eastspring’s strategic options. Credit: VideoFlow/Shutterstock.

UK-based Prudential is exploring options including sale of around 30% stake in its asset management arm, Eastspring Investments, reported Bloomberg citing people familiar with the matter.

The move forms part of insurance and asset management firm’s efforts to expand and diversify the business.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to the sources, Prudential is seeking financial advisory services to review Eastspring’s strategic options.

The potential divestment could assign Eastspring, headquartered in Singapore, a valuation of approximately $3bn.

Prudential is looking to establish a strategic partnership to enhance its offerings in private credit and dollar-denominated assets.

The insurer has initiated the process of identifying potential buyers, which may include other investment firms.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

While deliberations are ongoing, Prudential may choose to retain certain market segments in any prospective deal.

However, considerations are at a preliminary stage, and no definitive decisions have been reached, the sources said.

Concurrently, US insurer MetLife is also in advanced discussions to acquire PineBridge Investments’ operations outside China. This transaction is expected to reach up to $1.5bn, the news agency reported earlier this year.

Allianz has been exploring a merger of its asset management division, Allianz Global Investors, with Amundi. However, talks between the firms are currently paused, according to people familiar with the matter.

In August 2024, Eastspring appointed Dominic Wong as the regional head of intermediary sales.

Wong is in charge of managing and expanding Eastspring’s intermediate division.

As of the end of September 2024, Eastspring had $271bn worth funds under management.

Employing more than 400 investment professionals, the firm has presence in 11 Asian markets.