SHANGHAI-- June 28, 2021 -- Lu International (Singapore) (“LUI”), a subsidiary of Lufax Holding Ltd (“Lufax”, NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that it has established a strategic partnership with Schroders Singapore, a wholly owned subsidiary of Schroders, an asset management company, to co-innovate digital wealth solutions in Southeast Asia with the aim of addressing the fast-growing needs of retail investors in the region.

This exciting new collaboration will tap into the collective strengths and capabilities of both entities: Schroders with its unparalleled asset management expertise and insights, and LUI with its extensive market-leading digital capabilities.

The partnership will drive innovation in digital wealth solutions, leveraging data analytics to enhance the design of customised multi-asset solutions infusing goals, thematics and sustainability investing for a spectrum of clients in Southeast Asia. By harnessing cutting edge technology and leading market insights to develop bespoke wealth solutions, the needs of different clients will be uniquely tailored to.

This will be complemented by LUI’s best-in-class technological capabilities especially in areas such as data analytics, artificial intelligence and cloud technology.

These innovative solutions will first be pioneered in LUI Singapore’s wealth management platform, before being further expanded across partners in Malaysia, Thailand and Indonesia.

Ms Lily Choh, Country Head, Schroders Singapore, commented:

“We are very excited to be embarking on this journey with LUI who is in the forefront of digital and technological developments. We believe that digital wealth management will play a big role in the future of investing, given the growing demands of investors in the region, with their digital-led lifestyles and access to vast amounts of information at their fingertips.

The collaboration will foster opportunities for us to stay ahead of these needs, by leveraging on the synergistic best-in-class technology which LUI offers, which will allow us to deliver customised solutions and insights that can help investors cut through the clutter in a meaningful way.”

Ms Joanna Tang, CEO of Lu International, commented:

“We believe that investors in Southeast Asia, with its fast-rising middle class and digital natives, are currently underserved when it comes to a holistic digital investment experience. This strategic partnership builds on our long-term ambition to cater to the fast-growing needs of investors in the region. Customisations and superior client experience are cornerstones of successful digital wealth platforms. Our collaboration with Schroders is therefore two-fold: first to co-develop innovative tailored digital wealth solutions for our clients; then to work with our local and strategic partners in the region to expand the reach of these solutions. We believe that by partnering an established, investment powerhouse like Schroders, we can significantly enhance our offerings for our clients, across segments.”