FWD Group
Caproasia.com | The leading source of data, research, information & resource for financial professionals, institutional investors, professional investors and private investors (UHNWs, & HNWs). Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.





Hong Kong Insurance Group FWD Files for US IPO in United States, Valuation Around $13 Billion

17th June 2021 | Hong Kong

Hong Kong insurance group FWD has filed for IPO in the United States under the holding company PCGI Intermediate Holdings, which could value the company at around $13 billion to $15 billion.  In 2013, Richard Li Tzar Kai, who is the son of Hong Kong’s richest man Li Ka-Shing had acquired Dutch financial services group ING’s insurance businesses in Hong Kong, Macau and Thailand for $1.8 billion under Pacific Century Group, and injected the businesses into the created insurance company FWD.

“ FWD Files for US IPO in United States, Valuation Around $13 Billion ”

 



2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


FWD IPO, Raising $2 – 3 Billion, Value $13 Billion 

FWD Group
FWD Group

The United States IPO filing comes under FWD holding company PCGI Intermediate Holdings.  The IPO timeline and terms have not been disclosed or finalised, with market expecting FWD Group to raise between $2 and $3 billion that could value FWD Group at around $13 billion to $15 billion.

FWD Group is in 10 markets in Asia offering life and medical insurance, general insurance, employee benefits, Shariah and family takaful products.  FWD Group has more than 9.8 million customers, 6,100 employees, 33,000 ages, $62.6 billion in assets, $5 billion gross premiums in 7 years, 18 bancassurance partners and more than 20 ecosystem partners in Asia.  

 

FWD Group CEO, Huynh Thanh Phong, OBE

FWD Group CEO Huynh Thanh Phong OBE
FWD Group CEO, Huynh Thanh Phong, OBE

FWD Group CEO is Huynh Thanh Phong, OBE, who has over 30 years of industry experience spanning North America, Asia and the Middle East, including several key leadership roles. 

Huynh Thanh Phong sits on numerous executive boards including Board Chairman of FWD Life Hong Kong.  A Vietnamese-Canadian, Phong is also a qualified actuary, and in the UK has been awarded an OBE by Queen Elizabeth II for his exemplary contribution to financial services in Vietnam.

 

FWD Shareholders

FWD shareholders include Pacific Century Group, Swiss Re, GIC Ventures, RRJ Capital and Hopu Investments.  

Pacific Century Group Chairman Richard Li Tzar Kai
Pacific Century Group Chairman Richard Li Tzar Kai

Richard Li Tzar Kai, who is the son of Hong Kong’s richest man Li Ka-Shing, is the Chairman of Pacific Century Group.  He founded Pacific Century Group (PCG) in 1993, an Asia-based long-term private investment group with interests across three core business pillars; technology, media & communications (TMT), financial services, and property.  Pacific Century Group holdings include fund management firm PineBridge Investments, FWD Group, bolttech, PCCW, HKT and Pacific Century Premium Developments. 



Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

Join 14,000+ leading financial professionals and professional investors in Asia. Stay ahead of your peers & competition.
For press release, email to press@caproasia.com
For editorial, media kit, listing on TFC, events, seminars or research & data services, email to mail@caproasia.com


Previous articleNew Multi-Family Office in Hong Kong, MSI Finance Management Launched by 26-Year-Old Mario Ho
Next articleHKEX Celebrates 21st Anniversary with HK Chief Executive Carrie Lam & Paul Chan
Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia