Hong Kong insurance industry mourns death of senior figure

The board of Asian Money Holdings expressed its gratitude for Chan’s contributions to the company and prolonged their condolences to his family members.

Succeeding the deceased as Asian Money Holdings chair is his next son Bernard Charnwut Chan, who is also the group’s president and convener of Hong Kong’s Government Council.

Main Executive Carrie Lam also compensated tribute to the departed business enterprise and political icon.

“Chan was an esteemed entrepreneur and philanthropist,” she reported. “Over the yrs, he had been advertising and marketing the continual enhancement of Hong Kong’s insurance field, commanding the regard of the enterprise sector. Beneath his route, his conglomerate experienced been dedicated to charitable will cause by shouldering social duties, as properly as providing economic and other aid to social organisations and social enterprises in Hong Kong.”

Born in 1932, Chan was the eldest son of Chin Sophonpanich, one of the founders of Bangkok Lender, one of the most significant monetary firms in Thailand. He was sent to Hong Kong in the 1950s amid political unrest in Thailand.

In 1959, Chan and his father founded Asia Insurance plan, which was listed on the Hong Kong Stock Exchange in 1972. Asia Insurance policy later on merged with Hong Kong Business Financial institution to kind Asia Economical Holdings, which presents lifetime and standard insurance, retirement and pension resources, and health care.

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