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FWD Group
FWD Group is a multinational insurance company based in Hong Kong. Founded in 2013 as the insurance arm of Pacific Century Group, FWD Group sells life and medical insurance, general insurance and employee benefits in Asia. The company had USD$50.9 billion in assets under management in 2020 and in 2021 was managing US$63 billion in assets. On February 28, 2022, FWD filed for a HK IPO. FWD currently operates in Hong Kong, Japan, Macau, Singapore, Thailand, Philippines, Indonesia, Vietnam, Malaysia and Cambodia. https://www.ft.com/content/bcc55200-fe31-421d-8b27-fca0bc969a9a "Hong Kong tycoon Richard Li’s FWD to raise up to $3bn in US IPO" FT History 2013-18 Richard Li of Pacific Century Group formed FWD Group in 2013 after purchasing ING Group’s insurance and pension units in Hong Kong, Macau and Thailand for US$2.1 billion. Swiss Re bought a 12.3% stake in FWD Group in 2013 for $425 million. Huynh Thanh Phong joined as CEO in 2013. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employee Benefits
Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. Instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a "salary packaging" or "salary exchange" arrangement. In most countries, most kinds of employee benefits are taxable to at least some degree. Examples of these benefits include: housing (employer-provided or employer-paid) furnished or not, with or without free utilities; group insurance (health, dental, life etc.); disability income protection; retirement benefits; daycare; tuition reimbursement; sick leave; vacation (paid and unpaid); social security; profit sharing; employer student loan contributions; conveyancing; long service leave; domestic help (servants); and other specialized benefits. The purpose of employee benefits i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vietcombank
Joint Stock Commercial Bank for Foreign Trade of Vietnam, commonly referred to as Vietcombank, is a commercial bank in Vietnam. Overview Vietcombank's headquarters are located in Hanoi, Vietnam. the bank had 116 branches and 474 transaction offices in Vietnam, 3 local subsidiaries, 3 overseas subsidiaries, 3 joint ventures, and an overseas representative office in Singapore. As of December 31, 2020, Vietcombank's market capitalization was $15.5 billion. History Joint Stock Commercial Bank for Foreign Trade of Vietnam was founded on 1 April 1963 as Bank for Foreign trade of Vietnam. It was span off from the Foreign Exchange Bureau of the State Bank of Vietnam to be an exclusive bank for foreign trade. In 1990, Vietcombank diversified its services from being exclusively focused on foreign trade to a become a mass market commercial bank. In 1996 the bank's official name was changed to Joint Stock Commercial Bank for Foreign Trade of Vietnam. In 2008, Vietcombank was selected ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MetLife
MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, with 90 million customers in over 60 countries. The firm was founded on March 24, 1868. MetLife ranked No. 43 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. On January 6, 1915, MetLife completed the mutualization process, changing from a stock life insurance company owned by individuals to a mutual company operating without external shareholders and for the benefit of policyholders. After 85 years as a mutual company, MetLife demutualized into a publicly traded company with an initial public offering in 2000. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia's Pacific region, Europe, and the Middle East. MetLife serves 90 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HSBC
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA), respectively. HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. As of 2022, it was ranked no. 38 in the world in the Forbes rankings of large companies ranked by sales, profits ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commonwealth Bank
The Commonwealth Bank of Australia (CBA), or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom. It provides a variety of financial services including retail, business and institutional banking, funds management, superannuation, insurance, investment and broking services. The Commonwealth Bank is the largest Australian listed company on the Australian Securities Exchange as of August 2015 with brands including Bankwest, Colonial First State Investments, ASB Bank (New Zealand), Commonwealth Securities (CommSec) and Commonwealth Insurance (CommInsure). Its former constituent parts were the Commonwealth Trading Bank of Australia, the Commonwealth Savings Bank of Australia, and the Commonwealth Development Bank. Founded in 1911 by the Australian Government and fully privatised in 1996, the Commonwealth Bank is one of the " big four" Australian banks, with the National Australia Bank (NAB), ANZ and Wes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clockenflap
Clockenflap Music and Arts Festival, commonly abbreviated to "Clockenflap", is an annual music and arts festival held in Hong Kong. It incorporates international, regional and local live music, film, art installations, street, and kids' area. 60,000 people attended the 2015 event and was widely considered HK's marquee music event of the year. History Clockenflap was founded in 2008 and is organized by Jay Forster, Mike Hill and Justin Sweeting. Their stated goals for the festival are to nurture the Hong Kong arts, music and film scene and "put the city on Asia's contemporary media-arts circuit". The NME credits Clockenflap for the "pioneering role it has played in nurturing the Hongkong indie and alternative music scenes, as well as bringing International talent to Hongkong audiences". The first Clockenflap festival was held in a concrete public space in an empty housing development called "Cyberport", in front of 1500 attendees. It later expanded to the West Kowloon Cultural D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fuji Fire & Marine Insurance
is a Japanese insurance company. It has its corporate headquarters in the Kamiyacho MT Building (神谷町MTビル ''Kamiyachō MT Biru'') in Toranomon, Minato, Tokyo and its Osaka offices in Chuo-ku, Osaka.Company Profile " Archive Fuji Fire and Marine Insurance. Retrieved on August 26, 2013. "Headquarter Tokyo head office: Kamiyacho MT Bldg, 4-3-20 Toranomon, Minato-ku,Tokyo, Japan" "Osaka head office: 1-18-11 Minami Senba, Chuo-ku, Osaka, Japan" Information in Japanese [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Eastern Life
Great Eastern Life Assurance Co. Ltd, often known as Great Eastern Life or Great Eastern, is a Singaporean multinational finance and insurance corporation with operations in various countries and jurisdictions in the Asia-Pacific region. Headquartered at Pickering Street in Raffles Place, it is a subsidiary of OCBC Bank, and it is the largest and oldest life insurance company in Singapore. At 2006, the company had assets in excess of S$8 billion, 2.6 million policies in force served by 24 branch offices and a service network of more than 17,000 agents nationwide. In August 2007, it had S$45 billion in assets and 3 million policyholders. In 2020, the company's website stated that it has over S$90 billion in assets and over 8 million policyholders, including 5 million from government schemes. It has three distribution channels – a tied agency force, bancassurance, and financial advisory firm, Great Eastern Financial Advisers. It is the only life insurance company to be liste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IHH Healthcare
IHH Healthcare Berhad () is an international private healthcare group focused on upmarket health services, and is Asia's largest private healthcare group. It offers a full spectrum of integrated healthcare services from clinics to hospitals to highly specialised care and a wide range of acute medical services. It is headquartered in Kuala Lumpur and has a wide geographical footprint throughout Malaysia, Singapore, Turkey, India, Greater China (including Hong Kong) and across Asia and, Central and Eastern Europe. The group has over 65,000 employees across 80 hospitals in 10 countries. It is listed on Bursa Malaysia and the Singapore Exchange. In recent years, IHH has expanded significantly in India and mainland China. Its portfolio of healthcare brands includes Pantai, Gleneagles and Prince Court in IHH Malaysia; Mount Elizabeth, Gleneagles, and Parkway in IHH Singapore; Gleneagles and ParkwayHealth in IHH Greater China; Fortis, Global and Continental in IHH India; and Acibadem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
