News Release
Schroders and Sun Life form
MPF strategic relationship in Hong Kong
3 May 2016
HONG KONG – Schroder Investment Management (Hong Kong) Limited (“Schroders”) and Sun Life
Hong Kong Limited (“Sun Life”) are pleased to announce they have entered into a strategic
relationship for Schroders’ Mandatory Provident Fund (“MPF”) business, which will provide enhanced
customer support to clients of the Schroder MPF Master Trust (“Scheme”). The Scheme had assets
under management of HK$1.3 billion at March 31, 2016.
Under the strategic relationship, the sponsorship of the Scheme will be transferred to Sun Life and the
name of the Scheme will be changed to Sun Life MPF Master Trust. Schroders will continue as the
investment manager of the Scheme, and Sun Life will be dedicated to serving members of the
Scheme. With the combined expertise of two global organizations, Schroders and Sun Life will
continue to enhance the Scheme to deliver better value for its members.
Schroders has been providing asset management services for pension clients in Hong Kong for over
40 years, and this will remain an integral part of its business. This strategic relationship allows
Schroders to focus on its core strength as an investment manager. Sun Life is a fast growing MPF
provider with the highest growth in market share over the past five years.1
Lieven Debruyne, CEO, Hong Kong, Schroders, said:
“Schroders has been providing asset management services for pension clients in Hong Kong for more
than four decades. We were one of the first fund providers when the MPF scheme was launched in
2000. As a trusted investment manager in the retirement business, being an MPF fund provider is
core to our business in Hong Kong. Our strategic relationship with Sun Life will enable us to continue
to grow our MPF offerings, and to focus on our core strength as an investment manager.”
Belinda Luk, Senior Vice President, Pensions & Group Business, Sun Life, said:
“We look forward to welcoming the MPF clients from Schroders to Sun Life. Sun Life has a history of
more than 120 years in Hong Kong during which time we have focused on providing our clients with
strong advice that helps them achieve lifetime financial security. This approach has helped us win
numerous awards and establish a strong position in the MPF market. We are excited about the
strategic relationship with Schroders, and adding scale to our MPF business will enable us to enhance
the service and value we provide to our clients.”
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Market share growth based on Assets Under Management (AUM) growth from 2010 to 2015.
Source: The Gadbury MPF Market Shares Report.
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The above change is expected to be completed in the second half of 2016, subject to the receipt of
regulatory approvals.
About Schroders plc
Schroders is a global asset management company with £324.9 billion under management as at
March 31, 2016, and debuted on the London Stock Exchange in 1959. Our clients are major financial
institutions including pension funds, banks and insurance companies, local and public authorities,
governments, charities, high net worth individuals and retail investors.
With one of the largest networks of offices of any dedicated asset management company, we operate
from 38 offices in 28 countries across Europe, the Americas, Asia, Middle East and Africa. Schroders
has developed under stable ownership for over 200 years and long-term thinking governs our
approach to investing, building client relationships and growing our business.
Further information about Schroders can be found at www.schroders.com.hk.
About Sun Life Financial
Sun Life Hong Kong Limited is a member of the Sun Life Financial group of companies. Sun Life
Financial is a leading international financial services organization providing a diverse range of
protection and wealth products and services to individuals and corporate customers. Sun Life
Financial 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, 2015, the Sun Life Financial group
of companies had total assets under management of C$891 billion. 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.
Forward-looking information
In this forward-looking information section, “we”, “our” and “us” refer to Sun Life Financial Inc. and its
subsidiaries and joint ventures. Certain statements in this news release are forward-looking, including,
but not limited to, statements that are not historical or that are predictive in nature or that depend upon
or refer to future events or conditions. All such forward-looking statements are made pursuant to the
“safe harbour provisions” of applicable Canadian securities laws and of the United States Private
Securities Litigation Reform Act of 1995. The forward-looking statements in this news release
represent our current expectations, estimates and projections regarding future events as of the time of
this news release and are not historical facts. These forward-looking statements are not a guarantee
of future performance and involve risks and uncertainties and are based on key factors and
assumptions that are difficult to predict. Except as may be required by applicable Canadian securities
laws, we do not undertake any obligation to update or revise any forward-looking statements
contained in this news release. Forward-looking statements are presented to assist investors and
others in understanding our objectives for the transaction, strategic priorities and business outlook
following the transaction, and in obtaining a better understanding of our anticipated operating
environment following the transaction. Readers are cautioned that such forward-looking statements
may not be appropriate for other purposes and undue reliance should not be placed on these forwardlooking statements. Information about risk factors relating to us can be found in the annual information
form of Sun Life Financial Inc. for the year ended December 31, 2015 under the heading “Risk
Factors” and other regulatory filings filed with or furnished to Canadian and U.S. securities regulators
available at www.sedar.com and www.sec.gov.
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For further information, please contact:
Schroders
Jessica Luchangco
Vice President,
Regional Marketing, Asia Pacific, Schroders
Tel: +852 2843 7739
Email: jessica.luchangco@schroders.com
Thomas Kwan
Madaket and Company Limited
Tel: +852 9018 2500
Email: thomas.kwan@madaketco.com
Sun Life
Ally Ho
Head of Branding and Corporate Communications
Sun Life Hong Kong
Tel: +852 2103 8802
Email: ally.ho@sunlife.com
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