FWD appoints Huynh Thanh Phong as Group CEO and Executive Director

HONG KONG, 19th March 2014 – The Board of FWD Group announces the appointment of Mr Huynh Thanh Phong as Group Chief Executive Officer and Executive Director of FWD Group. FWD Group is the insurance business arm of Pacific Century Group. Swiss Re Group invested in FWD Group in 2013, with a shareholding of 12.3%.

In his new role, Mr Huynh will lead the Group’s overall business, driving its growth strategy and building FWD into a single cohesive business across Asia.

Mr Huynh joins FWD from an advisory position with Argyle Street Management, a Hong Kong-based investment fund. Mr Huynh brings to the Group more than 25 years’ experience in the insurance industry, covering markets across the Asia region, as well as in North America and the Middle East. He has held a number of senior management positions in leading multinational insurance and financial services companies, including Fullerton Financial, Prudential, Manulife and AIA.

Commenting on Mr Huynh’s appointment, Mr Ronald Arculli, Chairman of FWD said, “Phong is a highly successful insurance industry veteran who brings a strong performance track record and a wealth of experience to our business. His appointment will ensure that FWD is properly positioned to further develop and enhance our services and products offerings. We continue to see exciting growth for Asia’s insurance industry. I am confident that Phong and the FWD team will capitalise on the potential of the insurance sector and establish our business as a leader in the region.”

Assuming his role as Group Chief Executive Officer, Mr Huynh added, “I am truly excited by this unique opportunity to lead a fresh and dynamic insurance brand with customers’ needs at the heart of the business. I am attracted to FWD by the incredible culture of innovation amongst the team, and the fast pace of technology integration in their operations. By leveraging on the strengths of its shareholders - Pacific Century Group and Swiss Re - FWD has the potential to be a driving force for change in the industry.”

“I look forward to working with everyone to build FWD into a leading regional player as we dedicate our business to servicing our stakeholders, through delivering innovative products and the best experience for our customers, agency force and distribution partners.”

For more about Phong’s story and his vision for FWD, to view this introductory interview filmed shortly after his acceptance of the CEO appointment: