Business News Asia

Hong Leong MSIG Takaful CEO Quits

Wan Mohd Fadzlullah Wan Abdullah, CEO of Hong Leong MSIG Takaful (HLMT), a joint venture between Hong Leong Financial Group Malaysia and Japan’s Mitsui Sumitomo Insurance has resigned from the Islamic insurer. According to reports, Fauzi’s exit could have something to do with a dispute over HLMT’s future strategic directions with HLA Holdings, which is part of Hong Leong Financial Group Malaysia and owns a 65% stake in HLMT.

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