MANULIFE FINANCIAL CORPORATION 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.
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 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:
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
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