Convoy Global Holdings
| Company type | Public company |
|---|---|
| Industry | Financial services |
| Founded | 1993 |
| Headquarters | Hong Kong , Hong Kong |
Area served | Greater China |
Key people | Johnny Chen (Interim Chairman and Executive Director) |
| Products | Financial planning, risk management, retirement solutions, estate planning, insurance brokerage, MPF brokerage, reinsurance brokerage, corporate insurance and investment planning |
| Parent | Convoy Financial Group |
Convoy Global Holdings Limited (, ) operates under the umbrella of Convoy Financial Group. Its fully owned subsidiary, Convoy Financial Services Limited (), specializes in financial planning, risk management, retirement solutions, and estate planning. It holds the distinction of being Hong Kong's largest independent insurance and MPF brokerage by consultant count. Convoy Financial Services Limited is affiliated with the Professional Insurance Brokers Association and is registered as a Mandatory Provident Fund Corporate Intermediary with the Mandatory Provident Fund Schemes Authority.
Within the Greater China region, Convoy Global manages subsidiaries and joint ventures located in Beijing and Shenzhen that deliver services including life and general insurance, risk advisory, reinsurance brokerage, as well as corporate insurance and investment planning.
History
Established in 1993, Convoy Global’s subsidiary commenced offering financial advisory services in 1998. The group became publicly listed on the Hong Kong Stock Exchange in 2010 and introduced the online insurance platform iConvoy in 2012. The company adopted the name Convoy Global Holdings Limited in 2016. In 2018, it realigned its focus toward three primary retail sectors: financial advisory, product manufacturing, and FinTech.
On 9 July 2015, Convoy Global issued 3.294 billion new shares at HKD 0.53 each to Richard Tsai of Fubon and family-controlled entities, generating HKD 1.68 billion. This transaction resulted in Tsai acquiring a 29.85% stake of the enlarged share capital, positioning him as the largest shareholder.
By November 2017, Kwok Hiu-kwan, son of Kowk Ying-shing—the principal shareholder of Kaisa Group Holdings—held 4.45 billion shares (29.91%), making him the second largest shareholder.
On 7 December 2017, authorities from the Securities and Futures Commission (SFC) together with the Independent Commission Against Corruption (ICAC) conducted raids at Convoy Global’s offices amid investigations into alleged corrupt activities involving share trading and lending. Deputy chairwoman Rosetta Fong Sut-Sam and executive director Christie Chan Lai-yee were taken into custody; chairman Quincy Wong Lee-man was arrested on 8 December. Following these events, trading of the company's shares was suspended.
Subsequently, on 10 December 2017, Johnny Chen was appointed as interim Chairman and Executive Director. Additionally, Yap E-hock and Ip Yee-kwan joined as Executive Directors effective from 9 December 2017.
Group companies
• Convoy Financial Services Limited • Convoy Financial Solutions Limited • OnePlatform Asset Management Limited • OnePlatform International Property Consulting Company Limited • OnePlatform Securities Limited • Hong Kong Credit Corporation Limited • Convoy Insurance Brokers (Macau) Limited
Rebranding
In 2018, Convoy launched a rebranding initiative that included unveiling a new corporate logo on 27 April alongside a comprehensive marketing campaign to enhance its corporate identity.
Financial scandal
On 7 December 2017, the Securities and Futures Commission collaborated with the Independent Commission Against Corruption (ICAC) to investigate suspected employee misconduct involving alleged solicitation of benefits amounting to approximately HK$47 million between March and June 2015. Senior executives—including deputy chairwoman Rosetta Fong Sut-Sam, executive director Christie Chan Lai-yee, and chairman Quincy Wong Lee-man—were arrested during this probe. Following these developments, the company’s shares declined by 7.2% to close at 16.7 HK cents. Former CEO and Lerado Financial Group chairman Mark Mak Kwong-yiu was also detained. The SFC and ICAC intended to question executive director Cho Kwai-chee, who is also founder and vice-chairman of Town Health International Medical Group.