Axa eyes wealth management in Hong Kong

The insurance giant is targeting wealth management as a priority for 2005; will it get into the mutual funds business?

Axa China Region Insurance, the Hong Kong arm of global insurance giant Axa, will focus on growing a budding wealth management operation in Hong Kong in 2005, says Mark Wilson, CEO.

Globally the firm is big in life insurance, non-life and fund management. In Hong Kong and Asia, it has traditionally emphasized just the life insurance business, based on a large agency sales force. But that has changed over the past few years, as the...

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