St James’s Place (SJP) International (not our famous ST James Power Station ^_^) has just been granted a life insurance licence in Singapore.
This means that the company can offer its non-contractual, International Investor Account product to clients from its base in Singapore.
For those who don’t know, SJP International is part of the FTSE-100 listed SJP Wealth Management Group and has been operating as a Dublin based insurer for more than 20 years, offering SJP’s clients access to its International Investment Bond.
This new permission in Singapore follows SJP’s purchase of The Henley Group in June last year. It has already made another product, the International Investor Bond, available through its Shanghai office – an office also acquired when it bought The Henley Group last year.
In addition to Singapore and Shanghai, SJP also has a presence in Hong Kong through last years’ acquisition.
It is believed that SJP is …