Lennard Y. Email & Phone Number

Singapore

Singapore, Sg

Singapore, 24 September, 2024 – Ascentium, a new global business services platformbacked by Hillhouse Investment, today announced its official launch, the opening of itsSingapore headquarters, and the appointment of Lennard Yong as FoundingManagement and Group CEO. This milestone marks the culmination of an extraordinaryyear for Ascentium, which has consolidated 5 strategic corporate services acquisitions toform the foundation of its current enterprise in Asia Pacific.

Singapore, Singapore, Sg

Global, Sg

Hong Kong, Hk

Boise, Idaho, Us

Clearwater is a life and investment management sector SaaS solutions for accounting and investment book of records.

Kowloon, Hong Kong, Hk

Tricor Group is a conglomerate corporate solutions provider: assisting companies with their incorporation activities, accounting and tax services, payroll, share registrar and corporate trustee services. Regionally, Tricor has 2,800 people in 21 countries/jurisdictions (16 in Asia). The mission of Tricor is “Globalise Asia” by being Asia’s leading business expansion company. Tricor provides the building blocks for, and catalyses every stage of your business growth, from incorporation to IPO.

Hong Kong, Hk

FTLife Insurance Company Limited ("FTLife") is one of Hong Kong's largest and fastest growing life insurance companies in Hong Kong. (Acquired in 2015 for HKD 10.7bn; sold in 2018 for HKD 21.5bn)Lennard joined FTLife in Sept 2016 as Regional CEO to transform the former business known as Ageas Asia to a fast growing and vibrant life insurance corporation serving the outbound China and Hong Kong markets. He built a new leadership team, implemented strategies to develop competitive new products, strengthen distribution channels, enhanced business operations, as well as improve the company’s financial performance. In 3Q2017, FTLife achieved new records for new business sales which grew more than 25% year-on-year (while market decreased by 12%), with new business value up 57%, and profits after tax increased by more than 65% to nearly USD100m. At the same time, management expenses were lower and solvency improved to become more than 400% of the regulatory requirement. FTLife was named Benchmark WM Life Insurance Company of the Year in 2017. In late 2018, FTLife was successfully divested for HKD 21.5bn (up from HKD 10.7bn when purchased by JD Group in 2015) to NWS Holdings’ a diversified business portfolio focused on stable, long-term yielding assets in the infrastructure and service sectors, headquartered in Hong Kong.

New York, Ny, Us

During this time he built new distribution in agency, brokerage partners and established a digital online presence. These changes have attracted industry recognition and awards for our products, social media and digital marketing. After the three year growth program - MetLife in 2016 generated 3yr sales growth of 550% to become one of the fastest growing life insurance company in HK. In December 2015, MetLife Hong Kong was recognized by industry as the 2015 Life Insurance Company of the Year. In 2016, S&P rated MetLife Hong Kong’s financial strength at ‘A+’ (stable).

Amsterdam, North Holland, Nl

Mr. Yong was the CEO of ING Insurance Hong Kong & Macau, leading businesses: life insurance, general insurance, pensions and financial planning. Under his leadership, ING increased its market share with new business growing at double the market average, diversified its distribution and delivered double digit growth in its earnings. The gross business turnover was USD 1bn, with 400 staff, 1600 agents with 4 bank partners. In 2012, it was “Life Insurance Company of the Year”. In October 2012, the business was eventually sold to a private investor for USD 2bn and ING Group achieved a net profit on sale of USD 1.3bn. The sale was a record transaction for the HK market at a multiple at P/E 24x and 1.9x book value. In 2012, the company was awarded "2012 Life Insurance Company of the Year" by Benchmark Wealth Management. Its 4 year CAGR sales growth to 2012 was 36% against a market of 22%.(He commenced CFO in 2008 and was promoted to CEO in 2011). [after the acquisition Lennard performed a short stint with FWD Group the acquirer of ING Hong Kong for 6 months between July 2013 to December 2013]

Amsterdam Zuidoost, Nl

The former ING Group (in 2007) was a Forbes Top 10 global company with Euro 1.3 trillion AuM across its global asset management, insurance and banking business with Euro 7.7bn earnings in 50 countries.Performed a number of finance roles which took me to Sydney, Hong Kong to Amsterdam. These responsibliities ranged from Head of Finance, Regional Controller, Chief of staff, and later as CFO for ING in Hong Kong in Nov 2008.

Sydney, Nsw, Au

Commercial banking and institutional banking.

Mcom, Accounting

Harvard Metlife Corporate Program, Organizational Leadership

Ing Group Corporate Program (2006 And 2007)