Debevoise & Plimpton LLP is advising Prudential Financial, Inc. (NYSE: PRU) in its sale of Prudential Life Insurance Company of Taiwan Inc. (“Prudential of Taiwan”) to Taishin Financial Holding Co., Ltd. (“Taishin Financial”). For more information, see the company’s press release.
Prudential, a financial wellness leader and premier active global investment manager with more than $1.5 trillion in assets under management as of June 30, 2020, has operations in the United States, Asia, Europe, and Latin America.
Established in 1989, Prudential of Taiwan sells individual whole life and other protection products to middle market and affluent consumers through highly trained Life Planners who provide customized plans and high-quality service.
Taishin Financial is a Taiwan-based financial holding company which operates in banking, securities and other business segments. It is also involved in futures trading, venture capital, insurance brokerage and other finance related businesses.
The Debevoise team is led by Hong Kong partner Edwin Northover and New York partner John Vasily. The team includes associates Jan Buschmann, Dexter Hoffman, Wen-Wei Lai, and Tiffany Wu. Tax advice is being provided by partner Gary Friedman and counsel Samuel Duncan. Benefits advice is being provided by partner Franklin Mitchell. Intellectual property advice is being provided by counsel Judith Church and associate Tigist Kassahun.