Indonesia, May 5 -- 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....