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AIA seeks to diversify into logistics and real estate


AIA, the largest publicly-listed life insurance and securities group in Asia, is considering diversifying its portfolio to include logistics and real estate-related projects, according to a company official. Mark Known, AIA’s Hong Kong-based group chief investment officer, said the insurance major is looking at logistics and real estate opportunities in Asia-Pacific, especially in Thailand. Konyn said the need for logistics infrastructure in a country with a large population and a high level of consumption has become more important. In recent years, AIA has diversified its portfolio through global investments in real estate projects, funds and government bonds. In Thailand, the insurer invested THB14.8bn in three office buildings.

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