Skandia looks to expand east

Skandia wants to establish a presence in the Singapore region and is currently in talks with the local regulator. In this market, Skandia plans to target locals, non-resident Indians and expatriates as well as investors in nearby countries. The group already has a presence in the Far East through its Hong Kong office, but a Singapore office would expand its opportunities in the South East Asia region. Additionally, Skandia is considering applying for a Dubai licence. Although Skandia already sells regular premiums and portfolio bonds in the country, it is not fully licensed. André Oszman...