LU - Lufax subsidiary establishes strategic partnership with Schroders subsidiary

toondelamour/E+ via Getty Images Lu International, a subsidiary of Lufax (LU), 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. The collaboration aims to drive innovation in digital wealth solutions, leveraging data analytics to enhance the design of customized multi-asset solutions infusing goals, thematics and sustainability investing for a spectrum of clients in Southeast Asia. The innovative solutions will first be pioneered in LUI Singapore’s wealth management platform, before being further expanded across partners in Malaysia, Thailand and Indonesia. Shares are down 2.04% PM.

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Lufax subsidiary establishes strategic partnership with Schroders subsidiary