A man fishes in front of the AIA Central building in Hong Kong. Photo: Bloomberg A man fishes in front of the AIA Central building in Hong Kong. Photo: Bloomberg
A man fishes in front of the AIA Central building in Hong Kong. Photo: Bloomberg

Bank of East Asia sells life insurance unit to AIA for US$653 million in a nod to activist fund’s prodding

  • The sale followed a strategic review in 2020 prompted by a long-running shareholder feud with Elliott Management
  • AIA, BEA strike a 15-year partnership to distribute life, savings products to lender’s retail customers in the Greater Bay Area

Topic |   Bank of East Asia
A man fishes in front of the AIA Central building in Hong Kong. Photo: Bloomberg A man fishes in front of the AIA Central building in Hong Kong. Photo: Bloomberg
A man fishes in front of the AIA Central building in Hong Kong. Photo: Bloomberg
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