FWD Group Holdings Limited (“FWD Group” or “FWD”) today announced leadership appointments in Malaysia. Aman Chowla will take on a new role as Chief Executive Officer, FWD Takaful, and Mak See Sen will join the company as Chief Executive Officer, FWD Insurance Berhad. Both CEO appointments are effective on 18 November 2024.

FWD Group has made significant progress in Malaysia since the company first entered the market in 2019 with the acquisition of a 49 per cent interest in FWD Takaful, which was increased to 70 per cent earlier this year.

Binayak Dutta, Managing Director, FWD Group said, “Aman has strong leadership capabilities that we’re looking forward to leveraging at FWD Takaful. As a customer-led company, we aim to meet the protection needs of Malaysians with Shariah-compliant products and drive the next phase of growth, scale and innovation in our business.”

Mr. Chowla first joined FWD last year as CEO for FWD Insurance Berhad and has over 20 years of experience in the life and general insurance industry.

Aman Chowla, Incoming Chief Executive Officer, FWD Takaful said, “I look forward to leading our efforts in changing the way people feel about takaful in Malaysia, while further scaling our business and contributions to the community.”

Salim Majid Zain, who has been Chief Executive Officer, FWD Takaful, since 2019, will retire.

“Salim has been instrumental in building our takaful business since our journey in Malaysia started five years ago and we wish him a happy and healthy retirement,” added Binayak Dutta.

In 2023, FWD Group created a full-service offering in Malaysia, with both family takaful and life insurance solutions with its establishment of FWD Insurance Berhad.

Binayak Dutta said, “We’re thrilled to welcome Mak to FWD. His experience in leading and developing strategies to build businesses that are innovative and customer-led will be invaluable as we scale up our nascent Malaysian life insurance business.”

Mr. Mak brings over 24 years of industry experience, including senior roles in multinational insurance companies such as Manulife and Prudential, driving transformation and managing agency distribution in Malaysia, Singapore, Vietnam and the Greater Bay Area, China.

Mak See Sen, Incoming Chief Executive Officer, FWD Insurance Berhad said, “Aman and the FWD Insurance team have built incredible momentum in their first year. I look forward to building on the strong foundation already in place to provide accessible and easy to understand insurance solutions to more Malaysians.”

Recently, FWD co-located its insurance and takaful entities together in a world-class facility in Kuala Lumpur and strengthened its commitment to the Malaysian community by partnering with local organisations to expand financial literacy. Earlier this year, FWD Group also introduced its award-winning financial literacy programme in Malaysia, JA SparktheDream, which operates in eight markets in Asia.

About FWD Group

FWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.

For more information, please visit www.fwd.com