UK insurer Prudential has dropped JP Morgan Cazenove as joint broker and hired Goldman Sachs in its place. UBS, its existing joint broker, has been retained.

Prudential confirmed the change in a statement to the stock exchange this morning.

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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Prudential drops Cazenove for Goldman

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