Insurance, China: Manulife Financial Signs Framework Cooperation Agreement with Bank of China

Manulife Financial Corporation and Bank of China announced on November 9 the signing of a new framework agreement between the two companies.  The deal marks another step forward in a relationship that has blossomed over the last 12 months.  The agreement will strengthen cooperation in areas such as insurance custody and bancassurance in China, and other business arrangements in North America.  The framework comes into force with immediate effect and will run for a minimum of two years.     

Business_cooperation_agreement_with_boc

The signing ceremony took place at Bank of China’s headquarters in Beijing.  It was presided over by Mr. Donald Guloien, President and CEO of Manulife Financial, and Mr. Marc Sterling, Executive Vice-President of Manulife Financial and Chairman of Manulife-Sinochem Life Insurance.   Bank of China was represented by Mr. Chen Siqing, Executive Vice-President, and Mr. Xu Chen, General Manager, Financial Institution Department.   The signing was witnessed by Ms Sarah Taylor, Deputy Head of Mission, Embassy of Canada.  Both Mr. Guloien and Mr. Chen signed the agreement. 

Full agreement here:

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s