Standard Life and the Industrial and Commercial Bank of China Limited (ICBC) have signed a memorandum of understanding (MOU) agreeing to work together to identify opportunities for the benefit of both businesses in China, Hong Kong and the UK.
ICBC already has a long-standing relationship with Standard Life’s joint venture in China, Heng An Standard Life.
The businesses will work together to focus on developing broader co-operation in the areas of savings and investment solutions. The agreement will also promote sharing of knowledge and expertise through regular senior executive interaction.
