Lee Moung-mo has been appointed Executive Director, General Business, and Marty Lui Yu-kwok as Executive Director, Long Term Business of the Insurance Authority (IA),the insurance regulator of all authorised insurance companies and licensed insurance intermediaries in Hong Kong.
The Government’s Financial secretary appointed both executives to their new roles for a term of three years, from May 27, 2024, to May 26, 2027.
A spokesman for the Financial Services and the Treasury Bureau said: “Mr Lee and Mr Lui, who have been serving executives in the IA, are both financial professionals with extensive regulatory experience and knowledge of the insurance sector.
“We look forward to their continued service to the IA in their new positions to promote the further development of the insurance market in Hong Kong.”
Lee Moung-mo has been part of the IA since 2018, and had served as Head, Technical Expert Team, before his most recent appointment. He held senior executive positions in the insurance industry before joining the IA.
Marty Lui Yu-kwok joined the IA at its inception in 2017 and served as Associate Director, Long Term Business, before his new role. He has extensive experience in the financial regulatory and insurance fields.
Stephen Yiu, Chairman of the IA, commented: “Mr Lee and Mr Lui have shown unwavering commitment and visionary leadership in enhancing the robustness of our regulatory system for protection of policy holders.
“I am confident that they will integrate seamlessly into the senior management team and deliver positive outcomes in pursuance of our corporate strategy to promote balanced growth of the insurance market in Hong Kong.”
