PA Group To Set Up Regional Office In KL

KUALA LUMPUR, July 31 (Bernama) -- PA Group, a US-based international insurance group, it set to base its regional operations in Kuala Lumpur, a company statement said Friday. It recently received regulatory approval from the Labuan Financial Services Authority. In a recent interview with International Adviser, its Executive Vice-President Jorge E.Falcón said Malaysia had all the right ingredients for a winning formula for the company. "With vast possibilities for growth, cultural acceptance of our products combined with political stability, Malaysia has all the right ingredients for a winning formula for our company," he said. In line with it, PA Group has appointed Edward Pantani as Business Development Head to market its premier trust investment solutions in the region. Pantani has over 25 years of industry experience, as well as, in-depth knowledge in the broker and institutional markets in Asia. PA Group will launch the same suite of investment products they currently offer in Latin America, Eastern Europe and the Middle East. "However, as we widen our distribution base, we will work with our partners and listen to their feedback," said Falcón. PA Group's approach is uniquely collaborative: it will aim to accommodate any viable business opportunities identified by its advisers and have a strong track record of designing products in line with their needs, he added. -- BERNAMA