Standard Chartered Bank enters a tie-up to offer T. Rowe Price funds to retail clients.
Under the planned agreement, the Singapore business of Standard Chartered will enter a six-month exclusive partnership to offer three T. Rowe Price equity strategies to the bank’s retail clients, the two companies said in a press release on Wednesday.
The deal marks T. Rowe Price’s entry into the city’s retail fund market and its first direct tie-up with a retail bank there. All the funds employ active stock-picking strategies.
T. Rowe Price is a global investment manager with US$1.55 trillion in assets under management. It currently has 19 funds recognized by the Monetary Authority of Singapore (MAS) for sale to Singapore’s local retail investors, the release indicated.
