Lennard Y. work email
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Lennard Y. personal email
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Lennard is passionate about services sector especially in financial services and administration, globalization and corporate expansion. He is the Group CEO of Ascentium Global following a career break after being Group CEO of Tricor (Jan 2023) which enabled over 50,000 corporations to setup and operate their business in Asia Pacific and beyond. Tricor provided a range of corporate services including incorporations, accounting, HR services, corporate and private family trusts, compliance and risk management to enable corporations to expand and grow in a scalable way. As a former CFO who transitioned to an international CEO of a corporate solutions company, he understands the needs of the corporation’s middle office and how these solutions can better leverage their capabilities when operating regionally/globally. Prior to this, he has led and delivered on a number of business transformation as CEO in financial services. He is very adaptive and agile having worked and lived in different geographies, different corporate ownerships environment in private equity and public co cultures in Asia, US and UK/Europe. His global business experience covers more recently in Tricor corporate business solutions, international Trust and Corporate services industry. Between 1995 and 2017, he invested almost 23 years operating in, Insurance, Asset Management and Banking in Australia, Asia and in Europe for global multinational financial services - ING Group, MetLife, and FTLife and Tricor Group. In these companies he covered the local businesses management, regional, global roles and executed on corporate development initatives in setting up a USD 1bn joint-venture, various merger and acquisitions, and divestment of a USD 2bn company in 2012 which he led as CEO. Link to my recent public engagements at Tricor: https://www.tricorglobal.com/about/message-from-group-ceo/lennard-yong
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Founding Management And Group CeoAscentiumSingapore
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Founding Management & Group CeoAscentium Sep 2024 - PresentSingapore, SgSingapore, 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.
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Group ChairmanIncorp Global Mar 2024 - PresentSingapore, Singapore, Sg -
Senior AdvisorHillhouse Investment 2024 - PresentGlobal, Sg -
Senior AdvisorYas Microinsurance Jan 2022 - Mar 2024Hong Kong, Hk -
Senior AdvisorClearwater Analytics May 2022 - Dec 2023Boise, Idaho, UsClearwater is a life and investment management sector SaaS solutions for accounting and investment book of records. -
Group CeoTricor Group Jan 2018 - Jan 2023Kowloon, Hong Kong, HkTricor 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. -
Regional Ceo / Ned Sep 2018Ftlife Insurance Company Limited Sep 2016 - Sep 2018Hong Kong, HkFTLife 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. -
Chief Executive OfficerMetlife Jan 2014 - Sep 2016New York, Ny, UsDuring 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). -
Chief Executive OfficerIng Hong Kong Jan 2009 - Dec 2013Amsterdam, North Holland, NlMr. 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] -
Last Role Cfo, Ing Hong KongIng Group Jan 1999 - Dec 2008Amsterdam Zuidoost, NlThe 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. -
Various Roles In Commercial And Corporate BankingWestpac May 1995 - May 1999Sydney, Nsw, AuCommercial banking and institutional banking.
Lennard Y. Skills
Lennard Y. Education Details
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UnswAccounting -
Harvard Business SchoolOrganizational Leadership
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ImdIng Group Corporate Program (2006 And 2007)
Frequently Asked Questions about Lennard Y.
What company does Lennard Y. work for?
Lennard Y. works for Ascentium
What is Lennard Y.'s role at the current company?
Lennard Y.'s current role is Founding Management and Group CEO.
What is Lennard Y.'s email address?
Lennard Y.'s email address is ly****@****ail.com
What schools did Lennard Y. attend?
Lennard Y. attended Unsw, Harvard Business School, Imd.
What skills is Lennard Y. known for?
Lennard Y. has skills like Leadership, General Insurance, Asset Management, Pensions, Financial Services, Life Insurance.
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