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VP Bank, Hywin Wealth and WealthBriefingAsia shed light on Private Markets in Asia Pacific with new report

HONG KONG SAR – Media OutReach – 21 March 2022 – Rising allocation to alternatives has been an unstoppable trend in recent years, with more Asia Pacific (APAC) investors particularly seeking outperformance and diversification in private markets. Developed in collaboration with Hywin Wealth and WealthBriefingAsia, VP Bank launches “Why Wealth Managers Are The Ultimate Private Market Matchmakers”, a report that delves into the phenomenon of private markets investing in the region.

In a world beset by low yields and volatility in traditional asset classes, private markets are becoming increasingly attractive for APAC’s highly dynamic wealthy individuals – client allocations to private markets could even exceed 20% in the coming years.

However, with more options also come increased challenges and complexities. As such, through insights gathered from 69 wealth management advisors, end-client investors and private markets professionals in December 2021 and January 2022, this report seeks to shed light on the phenomenon of private markets investing in Asia Pacific, answering key questions surrounding the asset class and their opportunities for investors.

Strong demand for private market investment opportunities
Over three-quarters of respondents (77%) believe that current client demand for private market investment opportunities is strong or very strong, with investors turning towards the asset class as a means to achieve a wide range of goals.

The potential for outsized returns is seen as the strongest driver, with 50% of respondents citing this as the most important factor in driving demand, followed by achieving greater diversification (29%). However, interesting investment opportunities, the ability to participate in real innovation, and to a lesser extent, ESG aims, were all cited frequently as top three factors.

For many of the region’s ultra-wealthy, excitement and conviction are often key as such individuals seek to expand their knowledge by investing in something that is highly innovative and disruptive. Along with the dynamic entrepreneurialism that has defined APAC’s explosive wealth creation in recent decades, the report also found that APAC investors tend to be more meaningfully involved with their investments – aligned with private markets’ feature of offering better control than with a listed stock.

Who is the typical investor in private markets?
The typical private market investor in APAC was found to be younger than the average private client, likely male and a net worth of US$40m+ made through their own business ventures. However, the extensive range of responses gathered suggests that diverse interest needs to be catered for, with the industry offering various solutions for different client profiles. These profiles include potential female investors, as respondents also share that the demographic is becoming increasingly interested in private markets.

Investors from Mainland China and Hong Kong SAR are showing the greatest enthusiasm for private markets – this trend is aligned with the particularly strong belief in the story of entrepreneurship among Chinese clients – although those from Singapore, Australia and New Zealand are also very keen.

The route to high returns
With the burgeoning growth of wealth in APAC, clients have become generally more demanding than their Western counterparts when it comes to returns. Investors in the region have highly ambitious returns targets from their private market investments. Respondents say the majority (42%) expect a minimum 11-15% Internal Rate of Return (IRR), 16% target a 16-20% IRR and 14% target a 21-25% IRR.

In achieving such results, 36% of respondents believe that North America, the traditional epicentre of dynamic wealth creation, exerts the strongest pull for investors. However, Southeast Asia comes in as a strong second (33%), with China and North Asia not far behind (29%).

Technology continues to dominate

Technology dominates in terms of investor interest (62%), followed by healthcare/life sciences (21%), with a fifth of respondents also seeing investors favouring energy, infrastructure, consumer or other opportunities like education. This finding aligns with EY’s 2021 Global IPO Trends report, which found that globally, the technology sector saw the highest number of IPOs (611) for the sixth consecutive quarter since Q3 2020, raising the highest proceeds (US$147.5bn) for the seventh consecutive quarter since Q2 2020. While Covid may have accelerated these sectors’ growth, it is not the fundamental reason behind this heightened focus. Technology and healthcare are long-term themes transforming our daily lives.

Meanwhile, there is a strong preference for direct investments into private markets, with 67% in favour of the strategy compared to 33% citing collectives. However, although the former might be many investors’ ideal route, this may not always be practicable nor desirable from a risk management perspective – there are also many other strategies such as growth and venture capital that are proving to be popular.

Private markets see high demand, but what are the barriers?
While demand for private market opportunities has grown exponentially, there are undeniably several barriers which may prevent their interest from translating into actual investment. Lack of visibility over opportunities was cited as a key obstacle for end-clients by half of respondents. With that, it is crucial for relationship managers to present such opportunities – aligned with 19% of respondents believing that advisors’ reluctance to bring opportunities to the table is the biggest barrier to private markets investors face.

Aside from this, almost a quarter (24%) of respondents think that a lack of confidence or knowledge is the biggest factor holding investors back from making private market investments. Hottest sectors for these investments – particularly technology and healthcare/life sciences – are exceptionally fast-moving. Relationship and wealth managers that have significant research capabilities must then comprehensively inform end-investors to add value.

Paving the way for private market investments
Recognising the huge growth trajectory in private market investments, VP Bank had launched its ORBIT platform last year, combining traditional wealth management with the advantages of digital ecosystems. The platform redefines access to private markets for partners and participants, offering both direct and collective investment opportunities as well as related structuring services to professional investors which have typically been difficult to invest in until now.

In doing so, VP Bank is paving the way for greater growth in demand for this attractive asset class. “By some reports, in Asia alone there is around US$385bn of ‘dry powder’ waiting for deployment in private markets, and that statistic alone should have wealth managers sitting up and taking notice. We are proud to be leading on this front along with Hywin Wealth, not only for the benefit of our clients, but also for the growth prospects of the region too,” said Pamela Hsu Phua, Chief Executive Officer Asia, VP Bank.

Madame Wang Dian, Chief Executive Officer, Hywin Wealth, added, “The volatility and fluidity of the past few years combined with the potential to be involved with really interesting, innovative endeavours have created perfect conditions for private market investing to flourish in APAC. This study confirms what we have been hearing from our own clients, and validates our decision to invest in both expertise and products to cater to this esoteric area.”

“We are delighted to have partnered with Hywin Wealth and VP Bank to once again probe an important but perhaps neglected area of growth for the industry in APAC. Our research reach is global, but it is always particularly interesting to perform deep field work among clients in a particular region to really see what makes them tick. My conversations with clients tell me wealth managers in APAC need to really watch this space,” said Wendy Spires, Head of Research, WealthBriefingAsia.

For more information on the report, please refer to the following link here.

About VP Bank Group

VP Bank Ltd was founded in 1956 and ranks amongst the largest banks in Liechtenstein with offices in Vaduz, Zurich, Luxembourg, Singapore, Hong Kong and British Virgin Islands. VP Bank Group offers tailor-made asset management and investment advisory services to private clients and financial intermediaries. With its Open Wealth platform for wealth-related services, it provides innovative financial services with a strong focus on sustainability and easy access to difficult-to-invest or illiquid asset classes. VP Bank is listed on the SIX Swiss Exchange and has received an “A” rating from Standard & Poor’s.

About VP Bank in Asia

VP Bank Ltd Singapore Branch is a boutique private bank with a client-centric business philosophy. With a presence in Singapore since 2008, it is the Asian branch of the Liechtenstein-based VP Bank Group.

VP Bank Ltd Singapore Branch provides specialised wealth management solutions and family office services for high-net-worth clients and professional asset managers and is dedicated to the protection and growth of clients’ wealth. The bank offers a holistic suite of services in wealth management. Apart from private wealth management, VP Bank Ltd Singapore Branch provides comprehensive services for asset managers and other financial intermediaries. The service offering comprises a trading platform, banking services – including e- banking and mobile banking – and operational support. Partnership arrangements with professionals include tailor-made investment advisory, discretionary management solutions, and custodian services.

For more than 15 years VP Wealth Management (Hong Kong) Ltd has concentrated on wealth management and family office services for wealthy private clients. Through our location in Hong Kong we have a presence in one of Asia’s leading centres for wealth management.

VP Bank was awarded Best External Asset Manager Service Provider and Best Private Banking Regional Partnership at Greater China WealthBriefingAsia Awards for Excellence 2020 and Best Asia EAM Service Desk at Citywire Asia EAM Desk Awards 2020. In 2021, VP Bank was named Best Private Bank – Intermediary Services by Asian Private Banker and ‘Best Boutique Private Bank’ at the 9th annual WealthBriefingAsia Awards 2021.

About Hywin Wealth

Hywin Wealth (NASDAQ: HYW) is a leading independent wealth management service provider in Greater China serving high-net-worth clients. The Company’s primary services are wealth management, asset management, and other financial services. Wealth management is currently the Company’s largest business segment, in which its onshore and offshore solution platforms serve clients across generations.

About WealthBriefingAsia

WealthBriefingAsia was launched in 2009 as a sister publication to ClearView Financial Media’s global flagship WealthBriefing newswire and US-focused Family Wealth Report. Delivering news, analysis, research, events and Awards, WealthBriefingAsia covers the entire APAC region and now boasts a subscriber base of over 10,000 industry stakeholders, part of the 60,000+ which make up the global WealthBriefing community.

#VPBank

The issuer is solely responsible for the content of this announcement.

Spackman Entertainment Group’s Upcoming Movie, THE GUEST, To Be Released In The Second Half Of 2022

  • THE GUEST is a crime thriller film produced by the Group’s wholly‐owned indirect subsidiary, Studio Take, founded by veteran movie producer, Mr. Song Dae‐chan
  • Starring Lee Joo-seung of HAPPINESS (2021) and Oh Hye-won of #ALIVE (2020) produced by the Group, THE GUEST is directed by Yeon Je-gwang, who has won awards for his short films at film festivals

SINGAPORE – Media OutReach – 21 March 2022 Spackman Entertainment Group Limited (the “Group“), one of Korea’s leading entertainment production groups founded in 2011 by media & technology investor Charles Spackman, wishes to announce that the Group’s upcoming crime thriller film, THE GUEST, produced by the Group’s wholly‐owned indirect subsidiary, Studio Take Co., Ltd. (“Studio Take“), is scheduled to be released in the second half of 2022.

THE GUEST is based on the short film with the same name, also directed by Yeon Je-gwang, who was invited to the 2019 & 2016 Cannes Film Festival. Yeon Je-gwang has won awards for his short films at film festivals and some of his notable films include ALIEN (2019), STRANDED (2018), COMPREHENSIVE INSURANCE (2017) and HONGEO: FERMENTED SKATE FISH (2016).

Headlined by Lee Joo-seung of HAPPINESS (2021) and Oh Hye-won of #ALIVE (2020) produced by the Group, THE GUEST tells the story of two part-time motel employees, who illegally film guests of the motel and unintentionally witness a crime.

Previously Studio Take produced the musical film THE BOX (2021), starring EXO’s Chanyeol, which opened #1 at the Korean box office on its premiere, and the human drama film STONE SKIPPING (2020), which was screened at the 23rd Busan International Film Festival.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea.

The Company was founded in 2011 by media and technology investor Charles Spackman who served as the Company’s Executive Chairman until 2017. For the past two decades, Mr. Charles Spackman has been a powerhouse in the Korean entertainment industry starting in the early 2000’s with the pioneering success of Sidus Pictures, the largest movie production company at the time and the first to be listed in Korea. Mr. Spackman is also the Founder, Chairman and Chief Executive Officer of the global investment firm, Spackman Group. For more information, please visit

Since its founding, SEGL had produced more than 30 major motion pictures including a number of the highest grossing and award-winning films in Korea, namely #ALIVE (2020), CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), SNOWPIERCER (2013), COLD EYES (2013) and ALL ABOUT MY WIFE (2012).

Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Generally, we release our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

SEGL owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand (“VOD“) sales records in Korea. For more information, please visit

The Company owns a 100% equity interest in Simplex Films Limited (“Simplex Films“) which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including HURRICANE BROTHERS (working title).

The Company owns a 100% equity interest in Take Pictures Pte. Ltd. (“Take Pictures“) which produced STONE SKIPPING (2020) and THE BOX (2021), and shall release GUARDIAN (working title) in 2022 tentatively.

The Company owns a 100% equity interest in Greenlight Content Limited (“Greenlight Content“) which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group’s first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.

The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.

Talent Representation

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Wi Ha-jun, Lee Min-jung, Ko Sung-hee), SBD Entertainment Inc. (Son Suk-ku, Han Ji-hyun, Lee Cho-hee, Park Keun-rok), UAA&CO Inc. (Kim Sang-kyung, Kim Hye-ri, Kim Ji-young, Wang Ji-won), Play Content Co., Ltd. (Kang Min-ji, Hwang-hwi) and Kook Entertainment Co., Ltd. (Baek Si-won, Shin Ji-woong). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company. For more information, please visit

The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (“Constellation Agency“). Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

Strategic Businesses

The Company owns a 100% equity interest in Frame Pictures Co., Ltd. (“Frame Pictures“). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment some of Korea’s most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

We also operate a café-restaurant, Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

For more details, please visit
#SpackmanEntertainmentGroup

OctaFX advances its iOS OctaFX Trading App rollout in Singapore

SINGAPORE – Media OutReach – 21 March 2022 – After introducing its first three launches in Malaysia, India, and Indonesia, the international Forex broker OctaFX now makes its iOS OctaFX Trading App available on the Singaporean App Store—starting from March. The same goes for its Nigeria and Pakistan equivalents. These regional launches will be followed by a full app release for all service regions in 2022.

OctaFX-Singapore.jpeg

The global Forex broker OctaFX recently dropped its iOS OctaFX Trading App to one more ––Singapore. Over the past six months, the fintech company has already introduced its iOS app in Malaysia, India, and Indonesia. Simultaneously with Singapore, the new app has appeared in Nigeria and Pakistan.

The app’s present interface version is available in English, Malay, and Chinese. Singaporean users can download the app, create an account, manage their investments, and engage directly with OctaFX Customer Support. The service offers the ‘Virtual Accounts’ payment option, allowing deposits and withdrawals through Singapore’s most popular local banks. OctaFX is already planning to expand the payment options in its new app.

Although OctaFX is an international Forex broker, they pay great attention to localisation, including curating client communications in the local languages. That way, the fintech company never loses touch or authenticity with its diverse and multicultural trading community.

The iOS OctaFX Trading App has been downloaded across all available service regions nearly 300,000 times and has been rated in the overwhelming majority with an impressive five stars score.

The OctaFX Press Service commented on the app release: ‘Our developer team put colossal labour into the iOS app launch. We will soon be able to provide users with an essentially personal ‘office’, so to say—a seamless trading ecosystem where they can manage their accounts, investments, and finances. This process also gives us the chance to enrich aspects of our app and highlight the main idea––allowing our clients to trade on our own trading platform, which will offer better trading conditions and broader trading functionality than most’.

Here is a quick overview of the iOS OctaFX Trading App’s current features:

  • Trading on MetaTrader 4 and MetaTrader 5
  • Creating and managing trading accounts
  • Depositing and withdrawing funds
  • Users can easily track their operation history
  • Users can reach Customer Support 24/7 via live chat in their local language.

The quiet launch of the iOS OctaFX Trading App in Singapore went ahead in March. Singaporean clients can now download the trading app on the App Store.

About OctaFX

is a Forex broker providing online trading services worldwide since 2011. It offers a holistic investment experience geared to helping every participant reach their investment goal within a top-notch, data-driven service used already by 7.5 million clients globally. In the region, the company captured the ‘Best Trading Conditions Asia 2021’ award by World Business Outlook and the ‘Best Forex Broker Asia 2021’ award by Global Banking And Finance Review.

#OctaFX

Laos Confirms 1,137 New Cases of Covid-19

Xieng Khouang Covid Update

Laos has recorded 1,137 cases of Covid-19 across the country today.

The National Taskforce for Covid-19 Prevention and Control reported that 4,063 tests were conducted across the country over the last 24 hours, with 1,137 new cases confirmed.

There were 1.100 cases of community spread and 37 imported cases across the country.  

Community Spread by Province:

Vientiane Capital recorded 521 cases.

In Luang Prabang Province saw eight cases. 

In Savannakhet Province, there were two hundred and forty-eight cases.

In Vientiane Province, there were twenty seven cases.

In Bokeo Province saw eighteen cases. 

Khammouane Province saw thirty-seven cases today.

Total Cases:

Laos now has 2,280 active cases of Covid-19, with 649 confirmed deaths, and 154,094 total cases.

Meanwhile, 153 people recovered and were discharged from hospitals around the country yesterday.

 

Vaccination Rate

First dose vaccinations have now reached 75.08% of the eligible population, while second dose vaccinations have now reached 60.16%.

Sengdara Offers Fitness, Variety, and Value

Sengdara Fitness Center at Nongniew Village.
Sengdara Fitness Center at Nongniew Village (KM 6).

Sengdara Fitness’ two locations stand out as the premier fitness destinations in Vientiane.

Join the Craze of PONY NFT Collection! The 1st Pony-themed NFT created for Game-Fi in HK – PONY CLUB

  • Play to Earn NFT Collection
  • Gained Popularity Among Celebrities in the city

HONG KONG SAR – Media OutReach – 21 March 2022 – PONY CLUB is the first exclusive NFT project created for Game-Fi in Hong Kong, which is a business simulation game in horse-racing. All collectors have to do is to collect pony NFT to participate in the 3D PONY CLUB game, where you can breed and train your own pony NFT to race on more than 30 themed racecourses, as well as running a private farm to experience being a owner, trainer and jockey of the pony. Another major selling point of PONY CLUB is the added crypto element to the game that allows collectors to make profits by participating in horse racing games and bidding, realizing Play to Earn(P2E) !

First phase of PONY CLUB NFT has a collection of pony with over 200 traits, inspired by multiple elements like superheroes, Japanese Manga, and traditional culture.
First phase of PONY CLUB NFT has a collection of pony with over 200 traits, inspired by multiple elements like superheroes, Japanese Manga, and traditional culture.

PONY CLUB will officially launch the initial phase of the pony NFT on March 24, with a total of 8,888 unique pony NFT avatars. Collectors can mint PONY CLUB NFTs on PONY CLUB official website of PONY CLUB on the Solana (SOL) platform on that day at a minting price of 1.88 SOL (approximately HK$1,260) and a whitelist minting price of 1.38 SOL (approximately HK$924), of which HK$100 will be used for charity. The trend of PONY CLUB has swept through the show business and influencers. Many celebrities join as PONY CLUB NFT collectors, including stars like Bernice Jan Liu, Hailey Chan Yu-hei, Sharon Chan Man-chi, Bob Lam Shing-bun, Renee Li Man-ying, Joel Chan Shan-chung, Benjamin Yuen Wai-ho, Bowie Cheung Po-yee; Hong Kong local athletes Grace Lau Mo-sheung, Lau Chi Ming; singers JB, James Ng Yip-kwan, Siufay, Maggie Fu Pui-ga, music band Zpecial; famous YouTubers Manner, GingerLemonCola ;KOLs @westtung, @jimliao1121, @chungchung030 etc. They all put on their NFT avatar of PONY CLUB to the social media, and even filmed a promotional video ( video link) to celebrate the public launch of PONY CLUB, which was broadcast on the large LED television screen in Causeway Bay for seven consecutive days, bringing up a city-wide PONY CLUB collection trend!

NFT owners will receive a mutated Gen 2 Pony, realizing “play-to-earn”

PONY CLUB will launch the next gen of PONY NFT collection to reward the NFT owners. Collectors who hold 3 Gen 1 Pony NFT can mutate 1 of their 3 ponies. The Gen 1 Pony NFT will not be burnt. In other words, PONY CLUB NFT holders can get an extra NFT for free without additional costs.

For the PONY CLUB NFT owners to “Play to Earn” the greatest possible profit, PONY CLUB has launched a series of exclusive benefits for the NFT owners. PONY CLUB expressed their plan to take 50% of the profit to reward the NFT owners in the future. They would arrange a weekly lucky draw to give away great prizes and exclusive goods to NFT owners for free, including limited edition crossover outfits between PONY CLUB and other Hong Kong local fashion brands. PONY CLUB highly values the relationship with the NFT owners. All the NFT owners are qualified to be their official members and can join the Discord community of PONY CLUB, where collectors can exchange their ideas and information about the collection and the game. All NFT owners will as well be invited to the physical party arranged by PONY CLUB to celebrate their successful launch with the celebrities and KOLs, so that they can get connected with each other in the real world.

PONY CLUB Official Website www.ponyclub.io

#PONYCLUB

The issuer is solely responsible for the content of this announcement.

Laos Oil Refinery in Xieng Khouang to Begin Production Soon

Laos oil refinery in Xieng Khouang Province

Laos’ new oil refinery in Xieng Khouang Province will begin processing crude oil in the coming months.

Sun Life Hong Kong Clinches Sponsor of the Year and Intermediary of the Year at BENCHMARK’s MPF Awards

HONG KONG SAR – Media OutReach – 21 March 2022 – Sun Life Hong Kong Limited (“Sun Life Hong Kong”) clinches two grand awards, Sponsor of the Year and Intermediary of the Year at the BENCHMARK MPF of the Year Awards 2021 (“Benchmark”).

SUn.png

The Benchmark “Sponsor of the Year” award recognizes MPF Sponsors who have demonstrated excellence in their product designs, fund manager selection, cost structuring, and engagement and the Benchmark “Intermediary of the Year” award recognizes MPF intermediaries that excel in product knowledge, technology application, relationship building and marketing techniques better than others in the industry.

Sun Life Hong Kong receives a total of nine awards across different categories from BENCHMARK, including Sponsor awards, Trustee Awards and Top MPF Awards as shown below:

Grand Award

Sponsor of the Year

Intermediary Award

Intermediary of the Year

BEST-IN-CLASS

Sponsor Awards – Investor Education Award

Sponsor Awards – Intermediary Support Award

Top MPF Fund Awards – Hong Kong Equity

Top MPF Fund Awards – Lifestyle – (>20-40% Equity)

Top MPF Fund Awards – Lifestyle – (>40-60% Equity)

Top MPF Fund Awards – Lifestyle – (>60-80% Equity)

OUTSTANDING ACHIEVER

Trustee Awards – Member Servicing

Rainbow Pan, General Manager, Wealth & Pensions at Sun Life Hong Kong Limited, said, “It is such an honour to receive Sponsor of the Year and Intermediary of the Year at the BENCHMARK Fund of the Year Awards 2021. We are delighted that our efforts in investor education, intermediary support and high extent of digital client experience are fully recognised by the industry, this will encourage our relentless debut to deepen our commitment to the overall betterment of Hong Kong’s working class.”

Source: BENCHMARK MPF of the Year Awards (https://www.benchmark.today/mpf-awards/)

About Sun Life

Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2021, Sun Life had total assets under management (“AUM”) of C$1.44 trillion. For more information please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.

#SunLife

The issuer is solely responsible for the content of this announcement.