FWD Group names new president and CEO for Philippines unit
FWD Group has appointed Lau Soon Liang as president and CEO of FWD Philippines, pending approval from regulatory bodies.
Liang will assume the position on 1 June 2025.
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Currently serving as chief growth officer for South East Asia within FWD Group, Liang joined the company in 2016.
He is a Fellow of the Institute and Faculty of Actuaries, UK.
Liang said: “I am honoured to take on this role and excited to build on the strong foundation that has been established at FWD Philippines. I look forward to working with our talented team to continue delivering customer-led innovations and financial solutions that empower Filipinos to celebrate living.”
FWD Group’s South East Asia senior managing director chief business operations officer, Binayak Dutta, said: “Soon Liang brings extensive experience in driving growth and fostering strategic partnerships across South East Asia. His strong leadership will be invaluable in steering the next phase of growth in changing the way Filipinos feel about insurance.”
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By GlobalDataMeanwhile, outgoing CEO Antonio De Rosas will move to an advisory role, added Dutta.
The company entered the Philippine market in 2014 and has a bancassurance alliance with Security Bank.
The Insurance Commission of the Philippines regulates FWD Philippines, granting it the legal authority to provide insurance products and services within the country.
FWD Philippines, which began its commercial operations in September 2014, is a part of FWD Group, which serves approximately 30 million customers across ten markets in Asia, including BRI Life in Indonesia.
In June last year, Reuters reported that FWD Group is preparing for an initial public offering in Hong Kong.
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