Insurer Manulife Hong Kong and Macau, as well as, Standard Chartered Bank (Hong Kong) have launched a new distribution partnership, in which the insurer is offering the bank’s Hong Kong private banking (PB) clients a diverse range of solutions encompassing savings, protection, wealth accumulation and legacy planning to “cater to the unique financial needs of clients at different stages of life, empowering them to make the most of their wealth to achieve their financial goals”.

The long-term relations between the companies started in 2016 when the two firms established a 15-year exclusive pension distribution partnership. The partnership has combined their strengths in distribution reach, product offerings, investment expertise and technology platforms. The new collaboration, they say, will further strengthen the relationship between the two firms and provide financial protection for more clients from different segments.

“This bancassurance partnership will further deepen our collaboration and achieve greater synergy by combining the strengths from both firms,” says Alson Ho, the bank’s head of wealth solutions for Hong Kong. “Through introducing Manulife’s sophisticated offerings, we are well positioned to provide our clients with bespoke asset management and wealth planning solutions.”

Patrick Graham, the insurer’s CEO, adds: “This strategic partnership enables us to deliver tailored savings and protection solutions to the bank’s PB clientele.”