FWD Appoints Huynh Thanh Phong as Group CEO and Executive Director

The Board of FWD Group announces the appointment of Mr Huynh Thanh Phong as Group Chief Executive Officer and Executive Director of FWD Group

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, please view this introductory interview filmed shortly after his acceptance of the CEO appointment:

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About FWD Group
FWD Group is the insurance business arm of the private investment group, Pacific Century Group. Swiss Re Group invested in FWD Group in December 2013, with a shareholding of 12.3%. FWD’s business spans Hong Kong, Macau and Thailand, offering life insurance services, as well as general insurance, employee benefits and financial planning in Hong Kong. In addition, FWD has a brand presence in Indonesia. FWD’s focus is on leveraging technology to improve customer experience, deliver innovative products, and invest in talent to create a leading pan-Asian life insurer.

For more information please visit www.fwd.com.

About Pacific Century Group
Pacific Century Group (PCG) was established in 1993 and has interests in property, financial services and other investments in the Asia Pacific region. PCG has a strong track record of holding and developing assets over the long term, and has a network of well-established connections in Asia.

Since its inception, PCG has consistently invested in the financial services sector. In February 2013, PCG successfully acquired ING Groep N.V.’s Hong Kong, Macau and Thailand insurance business. In 2010, PCG acquired the global asset management operations from AIG and renamed it PineBridge Investments. Since PCG’s acquisition, PineBridge Investments has received 13 industry awards. The company has more than US $65 billion in assets under management through its global network.

About Swiss Re

The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk-taking upon which enterprise and progress in society depend. Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of over 60 offices globally and is rated "AA-" by Standard & Poor's, "Aa3" by Moody's and "A+" by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed on the SIX Swiss Exchange and trade under the symbol SREN.

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