HSBC Insurance completes stake sale in Malaysia

Pedro Gonçalves
clock • 2 min read

FWD Group has completed the purchase of HSBC Insurance's 49% stake in HSBC Amanah Takaful (Malaysia) Bhd. As a result, FWD is now the largest shareholder in the Islamic insurance joint venture, which will be renamed as FWD Takaful Bhd, a statement from the Hong Kong-headquartered insurer said. FWD Group has appointed Salim Majid Zain as chief executive officer (CEO) of the Malaysian firm, which has been renamed FWD Takaful. Mr. Salim was previously CEO of Zurich Takaful Malaysia, the Islam...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login