HONG KONG, 24 October 2013 – FWD Group, the insurance arm of Pacific Century Group, today announced the appointment of The Hon. Ronald Arculli GBM, CVO, GBS, OBE, JP as Chairman of the Board of FWD Group. Mr Arculli brings with him extensive experience in the private and public sectors, complementing the strong bench strength of the management team at FWD.
Mr Arculli is currently the Senior Partner of King & Wood Mallesons, a leading international law firm based in Asia. With his long and distinguished record of public service, Mr Arculli’s continuous contributions to business and commerce in Hong Kong and internationally over the years have brought him widespread recognition and respect.
Mr Arculli was a former Member of Hong Kong’s Legislative Council (1988-2000) and Executive Council (2005-2012), and former Steward (1992-2006) and Chairman (2002-2006) of The Hong Kong Jockey Club. He was former Chairman of Hong Kong Exchanges and Clearing Limited (2006–2012), and former Chairman (2010–2012) and board member (2008–2012) of the World Federation of Exchanges. Mr Arculli continues to serve as a Trustee of the IFRS Foundation. He is also a member of the board of West Kowloon Cultural District Authority, and currently Chairs the Hong Kong Arts Festival, the Advisory Committee of Social Ventures Hong Kong and Common Purpose Charitable Foundation Limited, Hong Kong.
Commenting on his appointment, Mr Arculli said, “I am honoured to take up the role of Chairman of FWD Group. The outlook for the insurance sector is extremely promising, given the fast emerging middle class population as Asia continues to grow and develop over the next few decades. FWD has one of the best management teams in the business and the support of a long term committed owner, and intends to build on operations in its existing markets and expand into new ones. In doing so, FWD will establish its products and services to best appeal to customers in Asia’s growing markets, who will increasingly be more knowledgeable and sophisticated in their insurance needs. FWD looks to further enhance its position as a good corporate citizen by contributing to the on-going development of the local communities and economies, which we are a part of. Sustainable financial security is what policyholders expect, especially after the 2008 global financial and economic crisis.”
Mr Arculli added, “FWD’s mission to be the leading customer-centric insurance provider will offer a real choice to policyholders. I am privileged to be part of this great and dynamic FWD team, and very much look forward to working with them in building a strong regional insurance provider which aims to be truly different.”
Mr Richard Li, Chairman of PCG said, “Mr Arculli is someone I have long respected in terms of his leadership in the business community, and I am delighted to have him join FWD. This is an exciting growth period for Asia’s insurance industry, and I am confident that Mr Arculli will provide great insight and counsel for the business as we continue our journey to becoming one of the leading insurance companies in the pan-Asia region.”