FWD Takaful Berhad (“FWD Takaful”) today announced the appointment of Salim Majid Zain as its Chief Executive Officer. Salim will be responsible for leading, overseeing and growing all aspects of the business.
The announcement follows 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 operation in Malaysia, now called FWD Takaful Berhad, marks FWD’s ninth market entry across the region.
“We’re delighted to welcome Salim on board and look forward to leveraging his expertise and track record,” said Binayak Dutta, FWD Group Chief Distribution Officer & Managing Director, Emerging Markets. “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.”
Salim brings a wealth of industry experience and strong capabilities. Prior to joining FWD, Salim led Zurich Takaful Malaysia as its CEO for 12 years where he was instrumental in leading it to become a significant composite takaful player in the market. With a career that spans more than two decades, he is well known and respected in the industry especially in developing people and delivering commercial success.
“I’m really excited to be joining FWD Takaful and look forward to leading this exciting new chapter in Malaysia,” said Salim. “There are significant market opportunities within the takaful sector in Malaysia for us. With the support of FWD Group’s executive team, I’m determined to achieving new milestones and success for our takaful business here together with my team.”