Standard Chartered Enters 15-Year Distribution Pact With Manulife For Hong Kong

Tom Burroughes

11 September 2015

is a further step in executing on our global wealth strategy, to leverage our strong franchise and distribution network to deliver quality wealth solutions to our clients,” Judy Hsu, group head, wealth management at Standard Chartered, said.

The transaction is expected to close in the first half of 2016, subject to the receipt of relevant regulatory approvals. Financial terms of the transaction were not disclosed.

Among recent developments, in July, Manulife (Singapore), part of Canada-based Manulife, appointed a chief product officer and chief marketing officer. Carlos Vazquez was appointed chief product officer of Manulife Singapore and oversees product management and pricing. He has 20 years of global experience, having lived and worked in six different countries, and is a 10-year veteran of Manulife. A few days ago, Standard Chartered named a new CEO for its Singapore business (see here).

To view recent results from Manulife, see here.