FWD Group has announced the upcoming retirement of David Wong, chief executive officer for Hong Kong and Macau and executive vice president for the Greater China region.
The insurer also announced Ken Lau as Wong’s successor. Lau will become managing director for Greater China and CEO, Hong Kong & Macau, subject to regulatory approval.
Wong, who said he will be retiring in April to spend more time with his family, was a founding member of FWD Group and was instrumental in the transformation of the acquired Hong Kong & Macau businesses. He will continue in an advisory capacity and as chairman of FWD Vietnam.
“David was one of the first members of our pioneering executive team,” said FWD Group CEO Huynh Thanh Phong. “Under David’s leadership, our flagship operation in Hong Kong & Macau has firmly established an innovative and dynamic brand, and has built a strong company culture, enabling our Hong Kong team to change the way people feel about insurance.”
On the other hand, Lau will bring 27 years’ of insurance industry experience in the Greater China region to FWD. He was previously CEO of Union Life Insurance China, and was in charge of both life and general insurance segments at the company for three years. Prior to Union Life, he was with Ping An
Life for over a decade, having served as its president from 2012 to 2014.
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