This publication brings latest news of moves and appointments in the Asia-Pacific wealth management sector.

Manulife (International) has promoted Luzia Hung as senior vice president, head of employee benefits for Hong Kong. She retains her role as chief executive, Manulife Provident Funds Trust Company. 

Hung joined Manulife in 2010 as vice president of employee benefits in Hong Kong, overseeing the company’s pension and group life and health insurance businesses in Hong Kong. She is also a member of Manulife’s senior management team in Hong Kong. 

During her tenure, Manulife’s Mandatory Provident Fund market share in terms of assets under management rose from 17.4 per cent in September 2010 to 19.4 per cent as at December 2015, the firm said. Last year Manulife agreed with Standard Chartered Bank to acquire its existing pension businesses in Hong Kong and to enter into an exclusive MPF distribution partnership with the bank for a 15-year period. 

Hung is chairman of the executive committee and the profile and event sub-committee of the Hong Kong Retirement Scheme Association as well as a life insurance member for the Hong Kong Federation of Insurers. She also serves in the executive committee of the Insurope network.