Manulife Hong Kong and Macau and Standard Chartered Bank (Hong Kong) have unveiled a distribution partnership, that will give Standard Chartered Hong Kong’s private banking clients access to Manulife’s savings, protection, wealth accumulation, and legacy planning products.
“This strategic partnership with Standard Chartered Hong Kong marks a significant milestone for us, enabling us to deliver tailored savings and protection solutions to the bank’s private banking clientele,” said Patrick Graham, chief executive officer of Manulife Hong Kong and Macau, in a statement.
The relationship between Manulife and Standard Chartered Hong Kong started in 2016 when the two firms set up a 15-year exclusive pension distribution partnership.
The new collaboration will further strengthen the relationship between the two firms and provide financial protection for more clients from different segments, according to Manulife.
Standard Chartered Hong Kong’s investment platform already offers a wide suite of diversified products for its private banking clients.
“Through introducing Manulife’s sophisticated offerings, we are well positioned to provide our clients with bespoke asset management and wealth planning solutions,” said Alson Ho, head of wealth solutions, Hong Kong, Standard Chartered
“The bancassurance partnership will deepen the collaboration with our long-term partner Manulife and achieve greater synergy by combing the strengths from both firms.”
