Prudential’s Thiam sees Asian infrastructure deals as ALM panacea; 340,000 Asia sales force 'completely insufficient'
Increasing numbers of infrastructure deals in Asian markets may help insurers meet their long-term liabilities, according to Prudential’s group chief executive.
The growth in infrastructure projects in Asia, particularly those issuing structured bonds, are ideal assets for insurance companies as they can help them better match their domestic liabilities, according to Tidjane Thiam, group chief executive of Prudential in London. Infrastructure projects can produce local currency assets with a 15-year maturity, he says.
Thiam, who was speaking at the Credit Suisse Asian Investment Conference today, pointed to projects in Vietnam as an example of useful
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