Advertisement
Anonymous
2
Discussion (2)
Learn how to style your text
PolicyPal
08 Oct 2020
Official Account at PolicyPal
Reply
Save
I think the merger is more of a marriage than just 1 company buying out another. Singlife is known to be a digital bank and the merger would allow aviva singlife to provide an enhanced experience for the consumer's benefit.
If we dive deeper into the ownership of aviva singlife - we could say no one really actually owns the company. which is why it's quite a powerful merger.
TPG is a private equity group. Behind TPG, there is sumimoto, a Japanese insurer. Remaining stake: owed by private billionaire in UK. Aberdeen has share. Chairman is of aviva singlife is the ex Ceo of standard chartered. Walters who is the co chairman was previously the CEO of hsbc.
I think their primary objective is to bring the company public in the future.
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Products
4.5
199 Reviews
S$100
MIN. ACC BALANCE
Up to 2% p.a. base return + up to 3.5% p.a. effective returns
RATE OF RETURN
2% p.a. for first S$10K
INTEREST CAP
S$100
MIN. INITIAL PREMIUM
Related Posts
Advertisement
The merger is currently undergoing regulatory approval and is expected to complete by January 2021. Should the merger go through, both companies will operate under a new entity - Aviva Singlife.
Each company has different strengths: Singlife has strong digital capabilities, while Aviva is an established brand with a large customer base. This will be one of Singapore's largest insurance deals, with a combined business valued at S$3.2 billion.
You can find out more about the Singlife Aviva merger here.