FWD completes acquisition of HSBC’s Malaysian insurance unit, names new CEO

People walk past a major branch of HSBC at the financial Central district in Hong Kong, China February 21, 2017. REUTERS/Bobby Yip

Hong Kong-based FWD Group on Monday announced that it has completed the acquisition of a 49 per cent stake in HSBC Holdings’ Asia Pacific insurance unit, HSBC Amanah Takaful (Malaysia) Bhd.

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