In a press release, Tongchuangjiuding Investment Management Group Co., Ltd. (“JD Group”) announced that Lennard Yong has joined JD Group on 13 September 2016 as Regional CEO of its insurance business based in Hong Kong. He will work with key partners in JD Group to expand the insurance business across key markets in Asia. Its wholly-owned subsidiary FTLife Insurance Company Limited is one Hong Kong’s largest life insurance companies.
JD Group is committed to becoming an insurance-centric financial services platform operating on a global scale. The Group was listed in China National Equities Exchange and Quotations in 2014. The main business scope covers three sectors, namely, investment, internet finance, and insurance. Its PE investment subsidiary was successively named as “China Top 10 PE Firms” from 2009 to 2015.
“JD is pleased to have Mr. Yong with his extensive international insurance experience, operating at a local, regional and group level spanning Australia, Asia and Europe. We are excited with his arrival to accelerate the building of an international financial services conglomerate based in Hong Kong with a Chinese heritage” said Mr. Fang Lin, Chairman of JD Group's insurance business.
Mr. Yong was previously CEO of Hong Kong for global insurance conglomerates, such as ING Group and MetLife. His experience ranges across all aspects of life insurance, general insurance, pensions and asset management. Under Mr. Yong’s leadership, these award-winning companies achieved above-market growth, developed new distribution channels and established digital presence in a highly competitive market.
Mr. Yong is an active participant in Hong Kong’s financial services development. In addition to his corporate responsibilities, he is an advisor to the HK Government as member of the Insurance Advisory Committee, member of the Life Insurance Advisory Board of the new Independent Insurance Authority, Past Chairman of the HK Federation of Insurers - Life Insurance Council, and a member of the Board of Governors of the American Chamber of Commerce (HK).
His professional accreditations include membership in the Institute of Chartered Accountants (Australia) and CPA (Australia). He attended a Harvard Business School corporate program in 2015, IMD (Lausanne) corporate program in 2007 and has a Master of Commerce and a Bachelor of Business degree from two universities in Australia.
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