News Releases

HONG KONG — June 16, 2015 — ACE Life, the global life insurance division of ACE Group, today announced the opening of its first Global Wealth Management Center in Hong Kong. Catering to the growing needs of high-net-worth individuals in Hong Kong, the Center provides value-added services and exceptional customer experiences with tailor-made wealth planning solutions.   

ACE Life aims to establish a ‘Center of Excellence’ to support the wealth management business in Asia for entrepreneurs, professionals and executives and their families. Hong Kong was selected as the first location in Asia to have a wealth management business due to the maturity of the market, the high concentration of wealth management clients and the city’s ability to serve distinct customer segments.

Mr. Allan Lam, Country President of ACE Life in Hong Kong, said, “The launch of the Global Wealth Management Center in Hong Kong underlines our commitment to support the continued growth of the Hong Kong operation. As a multi-channel company, in addition to leveraging the client base of our top agents, we will partner with our preferred brokers and IFAs to provide bespoke client-focused wealth management solutions that are relevant and timely.”

Mr. Kevin Goulding, Regional President of ACE Life Asia Pacific, said: "The Asia Pacific region is expected to be one of the strongest drivers of global wealth in the coming years, and we aim to leverage our footprint in Hong Kong to capture this growth opportunity. Today's opening demonstrates our continued investment in Hong Kong that sets the foundation for planned expansion in other Asian markets".

Wealth management clients can benefit from the comprehensive products offered by ACE’s life and general insurance operations under the ‘One ACE’ umbrella, to meet their complex savings, investment, health, protection and wealth transfer needs. This one-stop flexible solution allows the wealth management clients to mix and match specific plans and products to suit their diverse requirements.

Mr. Jeffrey Woo, Chief Agency Officer of ACE Life in Hong Kong, said, “We have identified a team of Prestige Consultants, the top tier in our agency force, as founding members for the wealth management business. We are providing them with both theoretical and practical training courses to equip them with the knowledge and capabilities to provide professional wealth management services to meet the needs of the clients”.

Located in a prime location – Causeway Bay – the professionally furnished center comprises lounges where wealth management clients and prospects can meet ACE Life’s dedicated team for consultation services. The Center also has training facilities which can accommodate over 200 people.

The new wealth management center is part of ACE Life’s wealth management strategies to offer customized and comprehensive solutions to top-tier clients to meet their needs for protection and wealth accumulation.  The center places strong emphasis on operational excellence through regional and global coordination of wealth management activities for clients, so that they can benefit from high quality ACE offerings no matter where they are based.

About ACE Life in Hong Kong

ACE Life is the global life insurance division of ACE Group, one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. ACE's core operating insurance companies are rated AA for financial strength by Standard & Poor’s and A++ by A.M. Best.

With both general and life insurance operations, ACE has been present in Hong Kong for more than 90 years, via acquisitions by its predecessor companies.  Specifically to meet the needs of financial protection and security of its broad range of customers, ACE Life in Hong Kong (ACE Life Insurance Company Ltd.) offers a comprehensive array of quality life and medical insurance products and services.

More information can be found at www.acelife.com.hk.

Contact

ACE Life
Bonny Ching : +852 2837 7095; bonny.ching@acegroup.com