Convoy Global Holdings
Convoy Global Holdings is a Hong Kong financial-services holding company associated with financial advisory, insurance brokerage, retirement planning, investment planning and related financial businesses.
Last updated August 31, 2026
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Overview
Convoy Global Holdings Limited is a Hong Kong financial-services holding company and a member of Convoy Financial Group. The group’s principal consumer-facing activities have been conducted through Convoy Financial Services Limited, which provides financial planning and advisory services covering insurance, risk management, retirement planning and estate planning. The business has also operated in areas including insurance brokerage, reinsurance broking, investment planning, securities, asset management, property consulting and financial technology. The group was established in 1993. Its financial-advisory subsidiary launched financial-planning services in 1998, helping establish Convoy as an intermediary rather than a conventional insurer or bank. The company described Convoy Financial Services as Hong Kong’s largest independent insurance and Mandatory Provident Fund brokerage firm by number of consultants. The subsidiary is a member of the Professional Insurance Brokers Association and is registered as a Mandatory Provident Fund corporate intermediary with Hong Kong’s Mandatory Provident Fund Schemes Authority. Convoy Global expanded its geographic reach in the Greater China region through subsidiaries and joint ventures in Beijing and Shenzhen. These operations were associated with life and general insurance, risk-management consultancy, reinsurance broking and corporate-level insurance and investment-planning consultancy. The wider group also included businesses involved in securities, asset management, international property consulting, credit and insurance brokerage in Macau. Convoy Global was listed on the Hong Kong Stock Exchange in 2010. In 2012, it introduced iConvoy, an online insurance platform intended to extend its advisory and insurance-distribution activities through digital channels. In 2015, the company announced a substantial share placement to entities controlled by Richard Tsai and his family, making Tsai the largest single shareholder at that point. A further change in the shareholder base occurred in 2017, when Kwok Hiu-kwan became a major shareholder. The company adopted the name Convoy Global Holdings Limited in 2016. In 2018, it described a corporate-renewal program focused on three retail-oriented business streams: financial advisory, product manufacturing and financial technology. The same period saw a corporate rebranding campaign and the unveiling of a new logo. Convoy’s corporate history was heavily affected by investigations in December 2017. The Securities and Futures Commission and the Independent Commission Against Corruption jointly investigated alleged corruption connected with the company’s share-trading and lending activities. Several executives and former executives were arrested, the company’s offices were searched, and trading in its shares was suspended. Convoy subsequently announced an interim board leadership arrangement. The investigation and resulting governance crisis became the defining public event in the company’s recent history. The available reference material does not establish the final legal disposition of all allegations or the company’s present operating status.
History
Convoy Global Holdings Limited was established in Hong Kong in 1993 as part of the Convoy Financial Group. The group developed around financial intermediation and advisory rather than balance-sheet insurance underwriting. Convoy Financial Services Limited became the main advisory subsidiary and launched financial-planning services in 1998. Its activities included insurance advice, risk management, retirement planning, estate planning and Mandatory Provident Fund brokerage. The group later expanded its portfolio and geographic footprint. In the Greater China region, it established subsidiaries and joint ventures in Beijing and Shenzhen. These businesses were associated with life and general insurance, corporate insurance and investment planning, risk-management consultancy and reinsurance broking. Other group entities covered securities, asset management, international property consulting, credit and Macau insurance brokerage. Convoy Global became a public company on the Hong Kong Stock Exchange in 2010. It pursued a mixture of traditional advisory distribution and digital expansion, launching the iConvoy online insurance platform in 2012. In July 2015, the company announced a major new-share placement to Eagle Legacy Limited and Oceana Glory Limited, both linked to Richard Tsai and his family. The placement involved 3.294 billion shares and represented 29.85 percent of the enlarged share capital according to the company’s reported announcement, making Tsai the largest single shareholder at the time. The company changed its name to Convoy Global Holdings Limited in 2016. Its shareholder structure shifted again in 2017, when Kwok Hiu-kwan became a significant shareholder. That year also marked a major governance crisis. On 7 December, the Securities and Futures Commission and the Independent Commission Against Corruption conducted a joint investigation into alleged corruption connected with Convoy’s share trading and lending activities. The company’s office was searched, executives including Rosetta Fong Sut-Sam and Christie Chan Lai-yee were arrested, and trading in the shares was suspended. Chairman Quincy Wong Lee-man was arrested on 8 December after returning from Taiwan. Former chief executive Mark Mak Kwong-yiu was also reported as arrested, while investigators sought to meet another executive director, Cho Kwai-chee. On 10 December 2017, Convoy announced an interim leadership structure headed by Johnny Chen, supported by executive directors Yap E-hock and Ip Yee-kwan. In 2018, the company announced a corporate-renewal strategy centered on financial advisory, product manufacturing and financial technology. It also launched a large-scale rebranding campaign and introduced a new logo. The available reference material does not provide a definitive account of the subsequent legal outcomes, current ownership, present operations or whether the company remains actively traded.
- 2018
Corporate renewal and rebranding
[1]Convoy said it was refocusing on financial advisory, product manufacturing and FinTech, and unveiled a new visual identity.
- 2017
Regulatory investigation and share suspension
[1]The SFC and ICAC jointly investigated alleged corruption, while Convoy’s shares were suspended and several executives were arrested.
- 2016
Company renamed Convoy Global Holdings
[1]The company adopted the name Convoy Global Holdings Limited.
- 2015
Major share placement
[1]Convoy announced a placement of 3.294 billion new shares to Richard Tsai-linked entities, representing 29.85 percent of the enlarged share capital.
- 2012
iConvoy online insurance platform launches
[1]The group launched iConvoy as an online insurance platform.
- 2010
Hong Kong listing
[1]Convoy Global Holdings was listed on the Hong Kong Stock Exchange under stock code 1019.
- 1998
Financial-planning services begin
[1]Convoy Financial Services launched financial-planning services, establishing the group’s advisory-centered business model.
- 1993
Convoy Global is established
[1]Convoy Global Holdings was established as part of the Convoy Financial Group in Hong Kong.
Products and positioning
An independent Hong Kong financial-services intermediary and diversified financial group serving retail and corporate clients through advisory, insurance-distribution, retirement-planning, investment and digital-finance businesses.
Financial advisory and insurance brokerage · 1998
Convoy Financial Services
Convoy Financial Services is the group’s principal advisory subsidiary. It provides financial planning, life and general insurance advice, risk-management planning, retirement planning, estate planning and investment-related consultancy. It also operates as a Mandatory Provident Fund corporate intermediary and has been described as one of Hong Kong’s largest independent insurance and MPF brokerage firms by consultant count.
Digital insurance platform · 2012
iConvoy
iConvoy was an online insurance platform launched in 2012. It represented Convoy’s move into digital distribution and complemented the group’s adviser-led insurance and financial-planning activities. The available material does not specify its current product range or operating status.
Corporate financial consultancy
Corporate insurance and investment planning
Convoy’s Greater China operations provided corporate-level insurance and investment-planning consultancy, alongside risk-management advice and reinsurance broking. These services extended the group beyond individual financial advice into institutional and business-client needs.
Controversies
2017
Joint SFC and ICAC investigation
On 7 December 2017, Hong Kong’s Securities and Futures Commission and Independent Commission Against Corruption jointly investigated alleged corruption involving Convoy’s share-trading and lending activities. The company’s office was searched, executives were arrested and the company’s shares were suspended. The available material does not establish the final legal outcomes of all allegations.
Marketing campaigns
- 2018Convoy corporate rebranding campaign
Hong Kong
Convoy launched a large-scale publicity campaign to communicate a refreshed corporate image and unveiled a new logo on 27 April as part of its corporate-renewal efforts.
Outcome. The campaign accompanied the company’s stated refocusing on financial advisory, product manufacturing and FinTech. The reference material does not quantify its commercial results.
Brand decisions
2018
Refocus on three retail business streamsStrategyBackground
Following the 2017 governance crisis, Convoy described a corporate-renewal program intended to reshape the group.
Action taken
The company said it would focus on financial advisory, product manufacturing and FinTech.
Aftermath
The strategy was presented alongside a new logo and broader rebranding campaign. No later performance outcome is established by the available material.
2017
Share trading suspension during investigationOtherBackground
Convoy’s offices were searched during a joint SFC and ICAC investigation into alleged corruption related to share trading and lending activities.
Action taken
The company applied for suspension of trading in its shares on 7 December 2017.
Aftermath
The suspension coincided with arrests of current and former executives and a wider governance crisis.
2015
Share placement to Richard Tsai-linked entitiesOtherBackground
Convoy sought new equity financing and announced a placement to Eagle Legacy Limited and Oceana Glory Limited, entities controlled by Richard Tsai and his family.
Action taken
The company placed 3.294 billion new shares, stated to represent 29.85 percent of the enlarged issued share capital.
Aftermath
Richard Tsai and his family became the largest single shareholder according to the company’s reported announcement.
Recent events
- 2018
Convoy launches corporate rebranding campaign[1]
Campaign
Convoy launched a broad rebranding initiative, unveiled a new logo on 27 April and promoted a refreshed corporate image as part of its corporate-renewal program.
- 2015
Convoy announces major share placement to Richard Tsai-linked entities[1]
Other
Convoy announced the placement of 3.294 billion new shares to Eagle Legacy Limited and Oceana Glory Limited, entities controlled by Richard Tsai and his family. The transaction was described as giving the investors approximately 29.85 percent of the enlarged issued share capital and making Tsai the company’s largest single shareholder.
Sources2 sources
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