Richard Li Tzar Kai is Founder and Chairman and Chief Executive of Pacific Century Group (PCG), an Asia-based long-term private investment group founded in 1993 with interests in financial services, technology, media and telecommunications (TMT), and real estate.
As one of Asia’s leading innovators in Information and Communications Technologies (ICT), Richard Li launched via PCCW the world's first major IPTV service, NOWTV, in 2003. PCCW Solutions and Hong Kong Telecom is the largest IT solutions provider and telecommunication provider in Hong Kong.
He first became interested in this industry in 1990 when he foresaw the opportunity for creative information and home entertainment services in Asia. The result was STAR TV, Asia's first satellite-delivered cable-TV service, by 1993 had 45 million viewers and was later on acquired by News Corp.
In 2010, PCG acquired the asset management business of American International Group, Inc., and renamed it PineBridge Investments. Since PCG’s acquisition, PineBridge has received 13 industry awards and managed assets of over US$80 billion in assets through its global network.
In 2013, PCG acquired ING Group N.V.’s Hong Kong, Macau and Thailand insurance businesses and renamed it FWD. Swiss Re subsequently invested a stake of 12.3% in the business. FWD has since expanded into the Philippines and Indonesia, with other markets entries planned in the immediate future. Today FWD is one of the fastest growing life insurers.
Richard Li was awarded the Lifetime Achievement Award by the Cable & Satellite Broadcasting Association of Asia in 2011. He is a member of the Center for Strategic and International Studies' International Councillors Group in Washington, D.C. Richard Li is a licensed pilot and a licensed rescue scuba diver.