FWD Takaful (Malaysia) announced the appointment of Salim Zain Majid as its new CEO. Salim will head the acquisition and be responsible for leading, overseeing and growing all aspects of the business.
The announcement follows after the recent completion of FWD Group’s acquisition of HSBC Insurance (Asia Pacific) Holdings Ltd.’s 49% stake in HSBC Amanah Takaful (Malaysia) Berhad. This acquisition marks their ninth market entry across the region.
Prior to joining FWD, Salim held the position as CEO at Zurich Takaful Malaysia for 12 years. With over 20 years’ experience he is well known and respected in the industry especially in developing people and delivering commercial success.
Binayak Dutta, FWD group chief distribution officer & managing director, Emerging Markets said: “We’re delighted to welcome Salim on board and look forward to leveraging his expertise and track record,” “His extensive industry background, combined with his goal-oriented and people-first approach, makes him an invaluable addition to our leadership team. I have no doubt that Salim will drive our growth and footprint in Malaysia from day one.”