Manulife Singapore Enters into Exclusive Partnership with RHB Bank in Singapore

Transcription

Manulife Singapore Enters into Exclusive Partnership with RHB Bank in Singapore
TSX/NYSE/PSE: MFC
For immediate release
October 23, 2014
SEHK: 945
Manulife Singapore Enters into Exclusive Partnership
with RHB Bank in Singapore
Singapore – Manulife (Singapore) Pte. Ltd. has entered into an exclusive agreement with
RHB Bank Berhad Singapore (RHB) to make Manulife Singapore‟s insurance and retirement
products available to RHB‟s clients through the bank‟s distribution network in Singapore.
The agreement harnesses synergies between the two companies by combining Manulife
Singapore‟s expertise in developing, managing and advising on insurance products with
RHB‟s local distribution network. Starting from the fourth quarter of 2014, new and existing
RHB clients can access Manulife Singapore‟s comprehensive suite of solutions to help them
meet their insurance and financial planning needs across different stages of their lives.
As part of the agreement, Manulife Singapore will deploy a team of dedicated insurance
specialists to RHB‟s branches. These specialists, armed with in-depth knowledge of Manulife
Singapore's products, will be on hand to offer professional advice to RHB‟s clients, helping
them realise their financial goals and plan for a secured future.
Mr. Jason Wong, Country Head of RHB, said, “RHB Bank is pleased to partner with Manulife
in expanding our financial management and insurance solutions for our customers, on top of
our current banking and wealth management offerings. Our customers are now able to
benefit from Manulife‟s wide range of products and services in RHB branches when
considering their protection or retirement planning needs.”
“Manulife Singapore and RHB share the same dedication to delivering innovative solutions
that provide real and sustainable value to clients for their financial needs. This strategic
partnership helps to further our growth ambitions in Singapore and is yet another example of
our efforts to open up new channels to reach out to more clients,” said Mr. Naveed Irshad,
President and CEO of Manulife Singapore.
- Ends –
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About Manulife
Manulife is a leading Canada-based financial services group with principal operations in Asia,
Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial decisions. Our international
network of employees, agents and distribution partners offers financial protection and wealth
management products and services to millions of clients. We also provide asset management
services to institutional customers. Funds under management by Manulife and its subsidiaries
were approximately C$637 billion (US$597 billion) as at June 30, 2014. Our group of
companies operates as Manulife in Canada and Asia and primarily as John Hancock in the
United States.
Manulife Financial Corporation trades as „MFC‟ on the TSX, NYSE and PSE, and under „945‟
on the SEHK. Manulife Financial can be found on the Internet at manulife.com.
About RHB Bank Berhad Singapore
RHB Bank was first established in 1961 as United Malayan Banking Corporation Berhad.
Through a series of rapid expansion and strategic mergers, RHB Bank Singapore emerged
as a full-licensed bank with a network of 7 branches and operating 12 Bureau de Change
outlets in Singapore Changi Airport. The Bank provides a comprehensive range of financial
products and services to consumer, corporate and business clients, ranging from various
types of deposits and loans, treasury to investment banking.
RHB Bank Singapore is the first full bank to be conferred the prestigious S-Class (Service
Class) award by SPRING Singapore as well as the first and only bank in Singapore and
Malaysia to be awarded the prestigious “Best Customer Experience Management of the Year
Award” in banking service by APCSC Hong Kong. Most recently, it was also awarded the
Singapore Quality Class STAR by SPRING Singapore in 2013.
For more information on RHB Bank Singapore, please log on to www.rhbbank.com.sg.
About RHB Banking Group
The RHB Banking Group is the fourth largest fully integrated financial services group in
Malaysia. The Group‟s core businesses are streamlined into seven Strategic Business
Groups (“SBGs”): Retail Banking, Corporate & Investment Banking, Business Banking,
Islamic Banking, Global Financial Banking, Group Treasury and Group Transaction Banking.
These businesses are offered through its main subsidiaries - RHB Bank Berhad, RHB
Investment Bank Berhad, RHB Insurance Berhad and RHB Islamic Bank Berhad, while its
asset management and unit trust businesses are undertaken by RHB Asset Management
Sdn. Bhd. and RHB Islamic International Asset Management Berhad. The Group‟s regional
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presence now spans eight countries including Brunei, Cambodia, Indonesia, Hong Kong,
Malaysia, Singapore, Thailand and Vietnam. It is RHB Banking Group‟s aspiration to deliver
superior customer experience and shareholder value; and to be recognised as a Leading
Multinational Financial Services Group.
Media Contact:
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Cindy Cheng
Manulife (Singapore) Pte Ltd
(65) 6833 8162
cindy_cheng_AC@manulife.com
Nora Seah
Manulife (Singapore) Pte Ltd
(65) 6833 8120
nora_seah_GY@manulife.com
Luke Diep
RHB Bank Berhad Singapore
(65) 6320 0241
luke.diep@rhbgroup.com
Lisar Soh
RHB Bank Berhad Singapore
(65) 6320 0242
lisar.soh@rhbgroup.com