Hong Kong's Dah Sing Bank strikes bancassurance deal with Canada's Sun Life

Dah Sing Banking

20/01/2023 01:30

SINGAPORE, Jan 20 (Reuters) - Hong Kong's Dah Sing Bank
 2356.HK  and a subsidiary of Canada's Sun Life Financial Inc
 SLF.TO  have struck a 15-year bancassurance partnership deal in
Hong Kong.
    "Sun Life will pay an amount of HK$1.5 billion ($191.5
million) for this exclusive arrangement, with ongoing variable
payments to Dah Sing Bank based on the success of the
partnership, both companies said in a joint statement on Friday.
($1 = 7.8333 Hong Kong dollars)
 (Reporting by Anshuman Daga; Editing by Christopher Cushing)
 ((anshuman.daga@tr.com;))