Singapore Financial Advisory Firm Professional Investment Advisory Services (PIAS) Completes Management Buyout from Singapore Life (1/5/26), Management Team with Full 100% Ownership of PIAS, Founded in 2001 & Served 200,000+ Families, Singlife Acquired PIAS in 2020 via Merger with Aviva Singapore in $2.5 Billion ($3.2 Billion) Transaction, Aviva Singapore Insurance Business Include Aviva Financial Advisers (AFA), Professional Investment Advisory Services (PIAS) & Navigator (Trust Platform), Combined Business was Named Aviva Singlife, Aviva Sold Stake in Singlife to Sumitomo Life Insurance Company in 2023
26th May 2026 | Hong Kong
Singapore financial advisory firm Professional Investment Advisory Services (PIAS) has completed a management buyout from Singapore Life (1/5/26) with management team to have 100% ownership of PIAS. Professional Investment Advisory Services (PIAS) was founded in 2001, and served 200,000+ families. Singlife acquired PIAS in 2020 via merger with Aviva Singapore in $2.5 billion ($3.2 billion) transaction. Aviva Singapore insurance business include Aviva Financial Advisers (AFA), Professional Investment Advisory Services (PIAS) & Navigator (Trust platform). The combined business was named Aviva Singlife. In 2023 September, UK insurance group Aviva announced to sell SingLife 25.9% stake and 2 debt instruments to Sumitomo Life Insurance Company for $990 million (£800 million), with Sumitomo Life Insurance Company total SingLife shareholdings increasing from 23.2% to 49.1%. In 2024 March, Singapore Life (Singlife) became a full subsidiary of (Japan) Sumitomo Life Insurance after acquiring 35% of Singlife from private equity group TPG Capital in 2023 December at $3.4 billion (S$4.6 billion) valuation, and making the same buyout offer to all remaining shareholders. Japan & Singapore regulators have approved the transaction. In 2023 December, Sumitomo Life Insurance Company announced to buy 35%of Singlife from private equity TPG Capital at $3.4 billion (S$4.6 billion) valuation, and will make the same buyout offer to all remaining shareholders. In 2023 November, Sumitomo Life Insurance Company announced to provide $132 million capital injection (S$179,999,996) into Singlife, bringing total shareholding of Singlife to over 27% after recently acquired 25.9% shareholding from Aviva group for $1 billion. Announcement (4/5/26): “Professional Investment Advisory Services Pte Ltd (“PIAS”) today announced that its management has completed the acquisition of PIAS from Singapore Life Limited (“Singlife”), through the purchase of all its shares in Professional Advisory Holdings Limited (“PAH”), PIAS’s holding company The change in ownership, approved by the Monetary Authority of Singapore (“MAS”), took effect on 1 May 2026 and was mutually agreed between PIAS management and Singlife. Singlife continues to be a key product provider and partner to PIAS. Singlife will continue to support PIAS in its mission to grow and offer more choice to consumers. PIAS’ management team will assume full ownership of the business and shape its next phase of growth. PIAS representatives will continue to serve clients as usual, with no impact on existing servicing arrangements. Day-to-day operations continue as normal. Following the change in ownership, PIAS will continue to expand its suite of providers and partners across savings, protection and investment solutions. With increasing longevity, a broader range of financial solutions will better position PIAS to support clients along their financial planning journey. – The End – About Professional Investment Advisory Services Pte Ltd (PIAS) Professional Investment Advisory Services Pte Ltd (“PIAS”) is a financial advisory firm in Singapore, established in 2001 and licensed by the Monetary Authority of Singapore. As a pioneering financial advisory firm in Singapore, PIAS has close to 25 years of operating experience, having navigated multiple market cycles. It has served over 200,000 families, supporting their financial planning needs across different life stages. PIAS has a network of financial adviser representatives providing advice across savings, insurance and investment planning.
“ Singapore Financial Advisory Firm Professional Investment Advisory Services (PIAS) Completes Management Buyout from Singapore Life (1/5/26), Management Team Have Full 100% Ownership of PIAS, Founded in 2001 & Served 200,000+ Families, Singlife Acquired PIAS in 2020 via Merger with Aviva Singapore in $2.5 Billion ($3.2 Billion) Transaction, Aviva Singapore Insurance Business Include Aviva Financial Advisers (AFA), Professional Investment Advisory Services (PIAS) & Navigator (Trust Platform), Combined Business was Named Aviva Singlife, Aviva Sold Stake in Singlife to Sumitomo Life Insurance Company in 2023 “
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Singapore Financial Advisory Firm Professional Investment Advisory Services (PIAS) Completes Management Buyout from Singapore Life (1/5/26), Management Team with Full 100% Ownership of PIAS, Founded in 2001 & Served 200,000+ Families, Singlife Acquired PIAS in 2020 via Merger with Aviva Singapore in $2.5 Billion ($3.2 Billion) Transaction, Aviva Singapore Insurance Business Include Aviva Financial Advisers (AFA), Professional Investment Advisory Services (PIAS) & Navigator (Trust Platform), Combined Business was Named Aviva Singlife, Aviva Sold Stake in Singlife to Sumitomo Life Insurance Company in 2023
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