FWD Group has officially appointed Mr. Phuong Tien Minh as the new Chief Executive Officer (CEO) of FWD Vietnam Life Insurance Company Limited (FWD Vietnam), effective March 27, 2025.
Mr. Minh brings with him decades of experience in the banking and insurance sectors. Prior to joining FWD Vietnam, he served as CEO of Prudential Vietnam. He also spent 12 years in commercial and retail banking at HSBC Vietnam and Vietnam International Bank (VIB).
On the same day, the Ministry of Finance approved Mr. Minh’s appointment as CEO of FWD Vietnam, succeeding Mr. Anantharaman Sridharan.
This marks the second leadership transition at FWD Vietnam in less than two years. Mr. Sridharan had taken over the role from Mr. Huynh Huu Khang on August 1, 2023.
Operating in Vietnam since 2016, FWD Vietnam is currently the exclusive bancassurance partner of Vietcombank. In 2024, FWD Group also launched a regional Technology Center in Ho Chi Minh City to support its digital operations across Asia.
Despite reporting a strong post-tax profit of VND 290 billion in the first half of 2024—a 70% year-on-year increase—FWD Vietnam still carries an accumulated loss of over VND 5,800 billion as of June 30, 2024. The company’s total assets exceed VND 20,400 billion, with the majority allocated to financial investments.
FWD Vietnam’s investment portfolio is heavily weighted toward bank deposits and government bonds, alongside corporate bonds from major firms such as Taseco Real Estate Investment JSC and Taseco Group JSC. Its equity holdings include shares of prominent listed companies like MWG, VIC, IJC, MML, CTD, MBB, and STB.
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Source: Vietnam Insider