Standard Wealth and ILS Asia have agreed to sign an agreement to supply overseas Trusts to the Chinese market.
The strategic alliance is aimed at delivering to deliver Western style asset protection products to China’s financial services industry.
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Headquartered in Shanghai, Standard Wealth operates as a Chinese wealth management firm, whereas ILS Asia is a pan-Asian corporate services provider and part of The ILS Group, through which it has access to various fiduciary services from the global ILS network.
Leveraging the global ILS network, the strategic alliance aims to offer an array of overseas Trust products, which will be customized to fulfill the requirements of every client.
Standard Wealth managing director Quan Dan Song said that China has consistently been a driver of growth and dynamism over the last 10 years, and the firm is looking to combine the growth and dynamism of Chinese investments with the security and expertise of Western style wealth management tools.
"ILS Asia is an ideal partner for us, as it combines a deep understanding of the local Chinese market with access to a global network of products and offices," Dan Song added.
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By GlobalDataILS Asia managing director Chris Eaton stated, "It will create the first Chinese platform combining access to national demand and an international range of Trust solutions."
