Ashurst advises Alliance Bank on its 15-Year Bancassurance & Bancatakaful Alliance with Zurich

Alliance Bank Group Chief Executive Officer Mr. Joel Kornreich said, "Our partnership with Zurich Malaysia will help to strengthen Alliance Bank’s capability to provide a comprehensive suite of solutions for customers - businesses and individuals alike. The offering of general insurance and general takaful solutions allow us to cater to our customers' specific needs, and is consistent with the Bank’s vision of ‘Building Alliances to Improve Lives’."

Lead Partner at Ashurst, Tracy Whiriskey (Tokyo), said: "We are honoured to have advised Alliance Bank on such a strategically important partnership. This transaction showcases our expertise in acting as international counsel in relation to bancassurance matters in South East-Asia and our ability to gain trusted advisor status, including importing legal technology from other jurisdictions to assist with the development of the South East Asian bancassurance market."
 
The Alliance Bank deal team said: “Ashurst's professional legal guidance and commercial insights, in particular that of its lead partner, Tracy who was very hands on, have been invaluable in the success of this deal.  We look forward to the opportunity of working with them again.”
 
Tracy was assisted by partners Rehana Box and Adam Levitt and associates Jennifer Goh and Viktoria Grohman, as well as the team at Adnan Sundra & Low.