The acquisition marks a key milestone for AGBA in its expansion to key markets in Asia. Although AGBA’s primary focus is in the Greater Bay area, Singapore was selected for its business expansion on the back of the city-state’s reputation as a global centre for innovation, business and finance, the company says in a statement.
Beyond the Greater Bay area, Southeast Asia plays a key role in the development of financial service markets, says AGBA group president Ng Wing-Fai. “Our expectation is for the latest acquisition of Sony Life Financial Advisers in Singapore to bring forth new prospects and promising business opportunities — especially in the Southeast Asian region,” he adds.
