HSBC Insurance (Asia- Pacific) Holdings Ltd.’s $575 Million Acquisition of AXA Insurance Pte. Ltd.

Allen & Gledhill advised HSBC Insurance (Asia-Pacific) Holdings Ltd. on the transaction.

HSBC Insurance (Asia-Pacific) Holdings Ltd has agreed to acquire French insurer Axa’s (AXAF.PA) Singapore assets for $575 million, part of its strategy of scaling up its wealth-management business in Asia to boost fee income.

HSBC Insurance (Asia-Pacific) Holdings Ltd is an indirect wholly-owned subsidiary of HSBC Holdings plc (HSBA.L). 

The Allen & Gledhill team consisted of Partners Lim Chong Ying (Picture), Tham Kok Leong, Eugene Ho, Daren Shiau, Elsa Chen, Catherine Neo, Tan Zhi Feng and Lim Pek Bur.

Involved fees earner: Elsa Chen – Allen & Gledhill LLP; Eugene Ho – Allen & Gledhill LLP; Lim Chong Ying – Allen & Gledhill LLP; Lim Pek Bur – Allen & Gledhill LLP; Catherine Neo – Allen & Gledhill LLP; Daren Shiau – Allen & Gledhill LLP; Zhi Feng Tan – Allen & Gledhill LLP; Tham Kok Leong – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: HSBC Insurance (Asia-Pacific) Holdings Ltd.;

Author: Sonia Carcano