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Lu International (Singapore), a subsidiary of New York-listed Lufax Holding, has partnered with Schroders Singapore, part of the UK’s Schroders, to develop digital wealth solutions for the Southeast Asian market.

Innovations will first be pioneered in LUI Singapore’s wealth management platform, before expanding to Malaysia, Thailand and Indonesia.

“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,” Lily Choh, country head, Schroders Singapore, said. 

Joanna Tang, CEO of Lu International, said: “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.” 

Lufax Holding is an associate company of Ping An Insurance.