Standard Chartered has re-entered Hong Kong’s MPF market with the acquisition of RBC Investor Services Trust. Photo: Shutterstock
Standard Chartered has re-entered Hong Kong’s MPF market with the acquisition of RBC Investor Services Trust. Photo: Shutterstock

Standard Chartered buys MPF trustee RBC Investor Services to tap Hong Kong’s growing retirement market

  • RBC, an indirect subsidiary of Royal Bank of Canada, is one of the 13 MPF trustees that manage pension funds in the city
  • Standard Chartered sold its MPF businesses to Manulife in 2015, but bank executive points out that the new acquisition is different from what it had sold

Topic |   Mandatory Provident Fund (MPF)
Standard Chartered has re-entered Hong Kong’s MPF market with the acquisition of RBC Investor Services Trust. Photo: Shutterstock
Standard Chartered has re-entered Hong Kong’s MPF market with the acquisition of RBC Investor Services Trust. Photo: Shutterstock
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