MANILA, Philippines, Aug. 17, 2023 /PRNewswire/ — The ATRAM Group (ATRAM) seals a strategic partnership with Pru Life UK as part of the latter’s growth strategy to fulfill the evolving needs of its growing customer base.
Pru Life UK and ATRAM recently formalized their strategic partnership with a signing ceremony led by (from left) Francis Ortega, Pru Life UK EVP and Chief Financial Officer; Eng Teng Wong, Pru Life UK President and Chief Executive Officer; Manuel Tordesillas, ATRAM Trust Corporation Chairman of the Board; and Michael Ferrer, ATRAM Group Chief Executive Officer
The leading life insurer will soon onboard ATRAM as its local fund manager. Its expertise and solid track record in asset and wealth management will complement Pru Life UK’s superior selection of funds.
To achieve their shared goal of helping more Filipino families live wealthier, Pru Life UK and ATRAM will co-develop and launch more innovative and customer-centric investment solutions to further strengthen their investment performance for their customers.
This will enable Pru Life UK agents to further value-add and enhance their customer network through a wider array of financial solutions. More importantly, Pru Life UK customers will gain access to ATRAM’s wide range of solutions and platforms to help them grow and expand their investment portfolio.
"We are delighted to have ATRAM as our co-advocate in helping more Filipinos achieve their financial goals. With this promising partnership, we are strengthening Pru Life UK’s growth trajectory and investment performance that will benefit our customers," shares Eng Teng Wong, Pru Life UK President & CEO. "Our customers can count on Pru Life UK and ATRAM to help them grow their wealth."
"We are excited to partner with Pru Life UK, the pioneer and leader in investment-linked insurance products. Our shared vision of securing the financial well-being of our clients is the foundation of our collaboration. We look forward to bringing the latest investment products and technology to Pru Life UK’s agents and customers helping them achieve their dreams and aspirations." said Michael Ferrer, Chief Executive Officer of ATRAM Group.
ATRAM was selected following a rigorous evaluation and approval process. Certain transactions related to the partnership are subject to regulatory approval.
About the ATRAM Group
The ATRAM Group (ATRAM) is the leading independent asset and wealth manager in the Philippines. It has established itself as a trusted and reliable partner by offering unparalleled investment solutions to clients and staying at the forefront of the industry in the Philippines. As of 31 March 2023, ATRAM managed approximately Php165 Billion in assets.
As a multi-awarded asset management company, ATRAM strives to deliver exceptional results and personalized solutions tailored to clients’ unique needs. With an impressive 46% market share in the Philippine global feeder fund space, ATRAM remains steadfast in pushing boundaries to redefine the industry by offering innovative products and services.
ATRAM operates through ATRAM Trust Corporation and ATR Asset Management Inc., with its headquarters located in 8 Rockwell Building, Rockwell Center, Makati City. For more information: www.atram.com.ph
About Pru Life UK
Established in 1996, Pru Life UK is the pioneer of insuravest, or investment-linked life insurance products, in the Philippines and is one of the first life insurance companies approved to distribute US dollar-denominated investment-linked life insurance policies in the country. Since its establishment, Pru Life UK has expanded its reach to over 173 branches and 120 general agency offices in the Philippines, with the largest life insurance agency force with more than 40,000 licensed agents.
The company ranks #1 for New Business Annual Premium Equivalent, and Total Premium Income from Variable Life Insurance Products according to Insurance Commission’s Life Insurance Sector Quarterly Statistics for Q1 2023. Pru Life UK is headquartered in Uptown Bonifacio, Taguig City.
Pru Life UK and Prudential are not affiliated with Prudential Financial, Inc., (a company whose principal place of business is in the United States of America), Prudential Assurance Company (a subsidiary of M&G plc, a company incorporated in the United Kingdom), Philippine Prudential Life Insurance Company, Prudentialife Plans, Inc. or Prudential Guarantee and Assurance, Inc. (all Philippine-registered companies). Pru Life UK is a life insurance company and is not engaged in the business of selling pre-need plans.
* Renewal Premium Income from Variable Life Insurance Products – premium collected for existing policies **New Business Annual Premium Equivalent (NBAPE) – premium for a new policy paid in a year