FWD appoints new chairman of FWD Vietnam

September 26, 2016 | 14:54

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FWD Group, the insurance arm of Asia-based Pacific Century Group and recent entrant to the Vietnamese market with the acquisition of Great Eastern Life, today announced the appointment of David Wong as chairman of FWD Vietnam.

Wong, who is currently CEO for Hong Kong and Macau and executive vice president in greater China, joined FWD in 2013. He has over 30 years of experience in the insurance industry and has worked extensively across Asia, including as CEO of Manulife Vietnam.

He is also an expert on pension reform across Asia and has advised a number of ASEAN regulators on rural financial inclusion and micro-insurance development as part of his role in the United Nations Development Program.

Huynh Thanh Phong, CEO of FWD Group said, “David has been instrumental in the development of FWD since its formation, so we are delighted to have him chair our newest country operation in Vietnam. David’s extensive management experience and knowledge of the local market will be invaluable as we expand the business and achieve our objective of becoming a leading insurer in Vietnam.”

As chairman of FWD Vietnam, Wong will oversee FWD's business in Vietnam as well as provide insight and counsel on the regulatory environment, internal risk management and business opportunities in Vietnam.

“This is an exciting growth period for Vietnam’s insurance industry. We already have an established business in Vietnam following our acquisition of Great Eastern Life Vietnam and recent partnership with AB BANK. Looking forward, we will focus our efforts on growing the business to become the leading insurer in Vietnam,” Wong said.

By By Dong Nguyen

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