Manulife and Banco Delta Asia Announce 15-Year Bancassurance Partnership for Macau
For Immediate Release
December 1, 2023
MACAU – Manulife Hong Kong and Macau (“Manulife”) and Banco Delta Asia S.A. (“BDA”) are pleased to announce the launch of a 15-year distribution agreement, effective December 1, 2023.
Under this partnership, Manulife will provide BDA customers with a range of savings, protection, and wealth accumulation solutions across its personal and corporate banking businesses in Macau. Initially, Manulife will bring five of its flagship products into the partnership, providing the bank’s customers with a series of popular solutions to navigate their financial futures with confidence.
Mr Ivan Chan, Chief Distribution Officer for Manulife Hong Kong and Macau, said: "We are excited to enter into this partnership with Banco Delta Asia S.A. Manulife has been a trusted name in Macau for over 27 years and in Hong Kong for more than 125 years, while Banco Delta Asia S.A. boasts a rich history spanning over 88 years. By combining Manulife’s global insurance expertise and diversified product portfolios with the Bank’s well established distribution network, we aim to offer customers a wide range of financial planning solutions, ensuring that they receive the best possible advice throughout their life stages."
Miss Au Lai-Chong, the Group CEO of Delta Asia Financial Group, said: "This partnership marks a significant milestone for our Bank's growth trajectory. We are excited about the opportunities this collaboration will bring to our customers, and we look forward to working closely with Manulife to provide our customers with high-quality financial offerings and a seamless customer experience that exceeds their expectations."
As part of the partnership, Manulife will provide comprehensive training to BDA's sales personnel. The training will cover a wide range of crucial aspects of sales, including product knowledge and regulatory compliance, thus equipping them with the necessary skills and knowledge to address the diverse financial and protection of their customers.
About Manulife Hong Kong
Manulife Hong Kong has been a trusted name for more than 125 years. Since our operations started in Asia in 1897, we have grown to become one of the top-tier providers of financial services, offering a diverse range of protection and wealth products and services to over 2.5 million customers in Hong Kong and Macau. We are committed to helping make decisions easier and lives better for our customers.
Manulife Hong Kong, through Manulife International Holdings Limited, owns Manulife (International) Limited, and Manulife Provident Funds Trust Company Limited.
About Manulife
Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we provide financial advice and insurance, operating as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States. Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2022, we had more than 40,000 employees, over 116,000 agents, and thousands of distribution partners, serving over 34 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
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About Banco Delta Asia
Established in 1935, Banco Delta Asia is a subsidiary of the Delta Asia Financial Group with a history of 88 years. Banco Delta Asia provides comprehensive banking services in Macao. With its branch network, its business areas well-covered retail and commercial banking, wealth management, investment and securities services, life insurance and trust services, etc. The Bank actively listens to our customers’ needs and helps them plan and progress towards their personal and business goals at every stage of life.
With sound financial strength, people-oriented culture and professional staff, together with the concerted effort of 4 generations, the Bank is dedicated to provide premium financial services to our valuable customers.
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