FWD Group Holdings Limited (“FWD Group” or “FWD”) today announced the appointment of Andrew Weir, Dominic Leung Ka Kui, and Laura Deal-Lacey to the Board of Directors (the “Board”) as well as the retirement of Richard Sun Po Yuen from the Board. The changes are effective on 18 February 2025.

The Board now consists of 13 directors, comprising two executive directors, two non-executive directors and nine independent non-executive directors.

Professor Frederick Ma, GBS, JP, Chairman of the Board, FWD Group, said “We’re delighted to welcome Andrew, Dominic, and Laura to the Board, as we continue to steer FWD’s growth and governance across our 10 markets in Asia. With these appointments, the Board is increasingly diverse with deep business experience in Asia, which is critical to realising the company’s vision of changing the way people feel about insurance.

“I would also like to thank Richard Sun for his many valuable contributions to the Board during his tenure since his appointment in October 2022,” added Professor Frederick Ma.

Andrew Weir, BBS, MBE, JP, brings significant professional services and governance expertise to the Board. Until September 2024, Mr. Weir served as Global Chair of Asset Management of KPMG and was also Regional Senior Partner of KPMG in Hong Kong SAR and Vice Chairman of KPMG China until September 2023. This culminated a 37-year career where he advised boards and audit committees of listed companies and financial institutions across Asia and the Middle East, after moving to Hong Kong in 1991 from the United Kingdom, where he began his career in 1987. Mr. Weir currently serves as Council Member of the Hong Kong Institute of Directors and Vice Chairman of the Hong Kong Financial Services Development Council. From 2017 until 2020, Mr. Weir was Chairman of the Listing Committee of the Hong Kong Stock Exchange. Mr. Weir is a Fellow of both the Hong Kong Institute of Certified Public Accountants and the Institute of Chartered Accountants in England and Wales, where he is also a Council member.

Dominic Leung brings more than 40 years of Asian insurance industry executive and non-executive director experience to the Board. During his executive career, Mr Leung worked in various senior positions at Ping An Group from 2004-2013, including Chairman and Chief Executive Officer of Ping An Life Insurance Company of China, Ltd. Earlier in his career, Mr. Leung worked at Prudential from 1996-2003 as the Managing Director of Greater China and at Taiwan Nanshan Life Insurance Company, Ltd. where his last position was General Manager.

Laura Deal-Lacey brings extensive international business expertise to the Board. Since 2013, Ms. Deal-Lacey has worked for the Milken Institute, a renowned global financial think tank, and currently serves as Executive Vice President of Milken Institute International, overseeing global teams across four continents. Ms. Deal-Lacey has served on the Board of FWD Singapore since 2016 and is currently Chair of the Board. Ms. Deal-Lacey also serves as an advisory board member of the Sim Kee Boon Institute for Financial Economics at the Singapore Management University. She holds a master’s degree in science from Columbia University and an international directors’ certificate in corporate governance from INSEAD in France.

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