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TMCNet:  Lu International Targets Corporate Clients and Expands Product Offering on Lu Global

[December 05, 2018]

Lu International Targets Corporate Clients and Expands Product Offering on Lu Global

  • Lu International leverages Ping An's and Lufax's legacy expertise in financial investment strategies, customer investment behaviour and its award-winning technology on its online wealth management platform, Lu Global.
  • Lu Global has expanded its client segment to include corporate clients.
  • Lu Global will further broaden the product offering by end of this year to include private equity.

SINGAPORE, Dec. 6, 2018 /PRNewswire/ -- Lu International (Singapore) Financial Asset Exchange Pte. Ltd. ("Lu International") today announced new product offerings on Lu Global [1] and its intention to expand its customer segment to include corporate clients. The firm also announced Oversea-Chinese Banking Corporation Limited ("OCBC Bank") as one of its first corporate clients with access to its investment products.

Lu Global Logo

Lu International was established in Singapore in 2017 by Shanghai Lujiazui International Financial Asset Exchange Co., Ltd. ("Lufax"), which operates China's leading wealth management platform Lu.com. Lufax is a member of the Ping An Group ("Ping An"), the largest integrated financial services company in China. Lu International was granted a Capital Markets Services License (CMS) from the Monetary Authority of Singapore (MAS) in July 2017.

The firm is looking to further expand the product line by end of this year to include private equity as part of the asset classes. Interest in alternative investing strategies has been steadily growing in recent years, particularly private equity. As an asset class, private equity has grown in terms of size and the range of businesses in which it invests. According to a recent report [2], investments into private equity is expected to increase annually rising from US$5.3tn in 2017 to US$10.2tn in 2025.

Kit Wong, CEO at Lu International commented, "We are humbled and the same time quite thrilled by the positive response on Lu Global. In the last few months, we've seen the platform grow from strength to strength. Having more than 150,000 registered users on our app is testament to the strong potential that Lu Global holds. We are happy to announce that OCBC Bank is one of the first corporate customers with access to our products. It's a great validation that our product offering is something that is meaningful both to accredited and corporate clients. We have also seen substantial interest from private equity firms keen on exploring new forms of distribution. This success is largely due to the credibility and returns which investors have experienced on the platform. It is also an exciting phase as we continue to expand our product line and open our doors to welcome corporate clients in Asia."

Lu Global's popularity since launch is largely attributed to its simple, easy-to-use and intuitive platform. It leverages on Ping An's award-winning technology, and Lufax's strong expertise in online wealth management solutions. Lu International is also on track to introduce a robo-advisory service in mid-2019.

At present the firm works closely with globally renowned financial institutions to offer diversified products suitable for its customers. The platform offers fixed-term funds with a short-term tenure of one year or less. These funds have garnered strong interest from investors owing to its attractive returns, which is credited back to the investor with minimum effort and hassle.

Investors can choose to download the Lu Global app for free on the Apple Store or Google Play and sign-up. For more information, visit https://www.lu-global.com.



[1] Lu Global was launched in September 2018 targeted at accredited investors in Singapore and investors in Asia.

[2] PwC, Rediscovering alternative assets in changing times. 2018.

About Lu Global

Lu Global is the online wealth management platform operated by Lu International (Singapore) Financial Asset Exchange Pte. Ltd. (Co. Reg No 201702479G). Lu International is a member of the Ping An Group, as well as a related entity of Shanghai Lujiazui International Financial Asset Exchange Co. Ltd ("Lufax"), which operates China's leading online P2P and wealth management platform Lu.Com. Lu Global is a mobile investment and wealth management platform operated out of Singapore. It offers 24/7 online access to a wide range of high quality investments. Lu Global offers investors the opportunity to invest easily with small investment amounts, and with low commitment period. Investors have the ability to invest with maximum flexibility while still being able to benefit from attractive returns. For more information,  visit https://www.lu-global.com

About Lufax

Shanghai Lujiazui International Financial Asset Exchange Co., Ltd. ("Lufax"), operates China's largest online platform for wealth management and financial assets exchange, connecting investors to borrowers with a robust credit risk scoring. Through its best-in-class technology, broad set of financial products and industry-leading risk management, Lufax has revolutionized the way individuals, companies and financial institutions in China invest, lend and borrow money. Last year, total transaction volume on Lufax platforms grew 10 times to more than US$43.3 billion. As of June 2018, Lufax has 36,840,000 registered members and 9,900,000 active investors. For more information, please visit www.lu.com.

About Ping An

Ping An Insurance (Group) Company of China, Ltd. ("Ping An") is a world-leading technology-powered personal financial services group. With 170 million customers and 459 million Internet users, Ping An is one of the largest financial services companies in the world. Under its 'pan financial assets' strategy, the company offers customers insurance, banking and asset management through its 'finance + technology' platform. Under its 'pan healthcare' strategy, the company uses a 'finance + ecosystem' platform to offer Internet users five ecosystems, covering financial services, healthcare, auto services, real estate services and Smart City services. Ping An is committed to investing in innovative technologies in fintech, AI and cloud to provide customers and Internet users with innovative and simple products and services. As China's first joint stock insurance company, Ping An Group is committed to upholding the highest standards of corporate reporting and corporate governance. The company is listed on the stock exchanges in Hong Kong and Shanghai. Ping An ranked 10th in Forbes' 2018 Global 2000, and it ranked 29th in Fortune Magazine's 2018 Global 500 Leading Companies. Ping An also ranked 43rd in 2018 WPP Millward Brown's BrandZTM Top 100 Most Valuable Global Brands. For more information, please visit www.pingan.cn.

Logo - https://photos.prnasia.com/prnh/20181204/2316628-1logo

SOURCE Lu Global


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