The company also revealed the appointment of Charles Yim as associate director in the financial lines sector and Hui Ling Wong as regional director for mergers and acquisitions. Both Yim and Wong will begin their roles effective immediately and will report to Sham.
Since joining Howden in 2013, Sham has held various positions in Hong Kong and Singapore. His involvement has been instrumental in the growth of the region, especially in M&A activities. Sham has been a part of Howden's Hong Kong board of directors since 2018, providing him with in-depth knowledge of the industry and the organization.
“Hong Kong continues to be a major financial centre in Asia,” Sham said. “As we expand our footprint in the territory through a combination of acquisitions and organic growth, it is imperative that we have a market-leading team supporting us to effectively cater to our clients' needs.”
The addition of Yim and Wong underscores Howden's commitment to enhancing its services for clients both regionally and globally. Yim comes to Howden from Teneo, where he served as associate director in financial advisory. His experience includes roles at Marsh & McLennan and PwC.
Wong, joining from Fusion Specialty, where she was a senior partner, has over 16 years of experience in the legal and insurance sectors, including a tenure at Aon as head of transaction liability for Asia.
As part of the appointments, Mark Johnson, the outgoing CEO of Howden Hong Kong, will continue with the company to facilitate a smooth transition until his departure in the spring. Johnson is set to join a leading insurance company in Hong Kong.
“These appointments in Hong Kong position us to do more for our clients in the region and capitalise on emerging opportunities in the market. Alfred has played a pivotal role in the expansion of Howden Asia and will now bring this knowledge and leadership to his position as interim CEO, Howden Hong Kong, during this transitional phase. The addition of Charles Yim and Hui Ling Wong will further strengthen our capabilities as we continue to develop our product lines in the region. They will both be valued additions to the Hong Kong office,” Howden Asia CEO Goh Chye Huat said.
Elsewhere for the insurance group and in its annual market report, Howden indicates a return to relative stability in the re/insurance market.
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