Hong Kong’s virtual insurer Bowtie has appointed James Lau (pictured first left) to its board of directors as an independent non-executive director.
With his in-depth familiarity with financial policy and financial technology accumulated in his work in the public sector and the government, Lau brings in an independent perspective at the board level to assist the establishment of trust in Bowtie as a new category of health insurance brand.
Lau served in Hong Kong Monetary Authority and the Hong Kong government for more than 40 years. During his tenure as the secretary for financial services and the treasury, he led a number of policy and legislative initiatives as well as collaborating closely with various financial regulators to promote the financial development of Hong Kong.
Lau previously served on the boards of the Financial Services Development Council (Hong Kong), Mandatory Provident Fund Schemes Authority (Hong Kong), MTR Corporation, Airport Authority Hong Kong, amongst others.
Lau said he is aligned with Bowtie’s mission of addressing the health protection gap in Hong Kong, and look forward to witnessing the growth of a vibrant virtual insurance company, “Since authorisation, Bowtie has continued to grow and become a health insurer that is trusted by the general public. I am excited to participate in the disruptive innovation journey of Bowtie, leveraging modern technology to enhance public awareness of health protection as well as promoting Hong Kong’s unique advantages as a leading FinTech hub,” said Lau.
Michael Chan, co-founder and co-CEO of Bowtie, said: “We are honoured to welcome Lau to our board. After stepping down as a public servant, Lau stays committed to promoting Hong Kong's financial development through his rich experience from the past decades. He is particularly passionate about financial technology and has taken on leadership roles in both virtual banks and virtual insurance companies. Bowtie will continue to learn and grow under his guidance.”
“The arrival of Lau is such inspiring news to our team. It is a testament to our commitment in becoming a category-defining health insurer. I believe he will add great credibility to our corporate governance and brand trust” said Fred Ngan, co-founder and co-CEO of Bowtie.
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