DL Holdings Group will engage in a strategic partnership with YF Life in the next three years, it said at the YF Life’s Innovation Strategic Partnership Conference, in Hong Kong.
The two companies will aim to expand their client base in Asia Pacific and provide a range of services from insurance, investment, family office to asset management for high net-worth clients, according to a statement by DL Holdings.
DL Holdings will provide multi-family office and securities investment services for YF Life, with a focus on services that are not covered by traditional private banks and investment institutions such as alternative investment, asset management, identity planning, offshore trust, education, and philanthropy for YF Life’s high-end clients.
YF Life provides insurance products and aims to offer services in legacy planning and asset management.
Insurance ‘fundamental’ in wealth management
“DL Holdings is a well-known listed investment and asset management company in Hong Kong with over a decade of experience and a solid client base in family office services. We believe DL Holdings will bring new opportunities and advancement to YL Life’s family office and investment business,” said Zhang Ke, managing director and chief executive of YF Life.
“Insurance is a fundamental part and the most important protection in wealth management, especially in legacy planning. Therefore, the first thing we do for all our family clients is to curate appropriate insurance products that most suit their needs,” added Andy Chen, chairman and chief executive of DL Holdings.
“Our strategic partnership with YF Life will not only bring a substantial enhancement in our insurance products and underwriting services but will also broaden our high net-worth client base and catalyse the expansion of our AUM,” Chen added.
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