AIA Singapore on the trail of the rich with new wealth team and centre

Peggy Quek, chief executive of AIA International Wealth. — The Straits Times

SINGAPORE: AIA Singapore is spreading its wings with a more than S$20mil investment, so it can swoop in on a burgeoning group of affluent clients in the region who are expected to give a significant lift to its business in time to come.

The insurer told The Straits Times that it has committed the sum as an initial investment to drive its new wealth outfit, and that it “will continue to devote sufficient resources” to realise the growth potential of the affluent and high-net-worth market segments.