Mr Ken Lau has been named Managing Director, Greater China, and CEO (designate), Hong Kong & Macau for FWD. He takes over from Mr David Wong, who is the outgoing CEO for Hong Kong & Macau, and Executive Vice President, Greater China Region.
Mr Lau will lead FWD Hong Kong & Macau’s growing business and drive the delivery of its technology-driven and customer-led strategy, as well as oversee the future establishment of FWD in Greater China. He has over 27 years’ insurance industry experience in Greater China and joins FWD Hong Kong & Macau from Union Life Insurance Co. China, where he was the CEO, charged with managing both the life and general insurance businesses.
Mr Lau was previously Chief Executive Officer of Union Life Insurance Co. China. During his three-year tenure, the company saw fast expansion in China, with new first year premiums growing from CNY0.9 to 5 billion driven by the doubling of the agency force to more than 80,000 across the entire country, while simultaneously establishing new channels including e-commerce, bancassurance and corporate care. Prior to Union Life, he was with Ping An Life for more than 10 years, most recently as President from 2012 to 2014. His early career included roles in China, Hong Kong and Taiwan for Prudential and AIA.
Mr Wong meanwhile, announced his retirement from his position (from April 2018) to spend more time with his family. He was a founding member of FWD Group and led the transformation of the acquired Hong Kong & Macau business. He has agreed to continue to work with FWD Group as an advisor and will maintain his position as Chairman of FWD Vietnam.