Bank of East Asia to seek over $1b from sale of insurance, pension business

Bank of East Asia to seek over $1b from sale of insurance, pension business

A branch of the Bank of East Asia is seen in Singapore. REUTERS/Pablo Sanchez

Bank of East Asia Ltd., the Hong Kong lender that has been besieged by activist investor Paul Singer’s Elliott Management Corp., is considering options including a sale of insurance assets as part of its strategic review, according to people familiar with the matter.