Stanton represents Conning Holdings Ltd. as the asset manager for the insurance industry agrees to be acquired by Generali Investment Holdings.

Conning, which is owned by Cathay Life Insurance Ltd., has $157B in assets under management.

As part of the transaction, Cathay will forge a partnership with Generali and take a 16.75 percent ownership position in it.

Woody Bradford, CEO of Conning, will continue in his leadership role.

He said the transaction “provides stability for our clients and employees, maintains continuity of leadership and strategy, and will generate new collaboration opportunities with Generali.”

Cathay is one of Taiwan’s largest financial services companies. Operating across the Asia-Pacific region, Cathay has $392B in assets under management.

Stanton’s Katrin Lieberwirth works the Conning deal.

Alex Stanton heads the New York firm that holds the No. 9 spot in O’Dwyer’s rankings of financial PR firms with $10.5M in 2022 fee income.