Richard Li Tzar Kai is Founder and Chairman 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.
Richard Li launched via PCCW the world's first major IPTV service, now TV, in 2003. He 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, which by 1993 had 45 million viewers.
In 2010, PCG acquired the asset management business of American International Group, Inc. (AIG), which it and renamed it PineBridge Investments. Since PCG’s acquisition, PineBridge has received 13 industry awards and managed assets of over US$83 billion in assets through its global network.
In 2013, PCG acquired ING Group N.V.’s Hong Kong, Macau and Thailand insurance business and renamed it FWD. Since then, Swiss Re has become a 15% shareholder in FWD and FWD has expanded its operations into Indonesia, Philippines, Singapore and Vietnam. The business has appointed The Hon. Ronald Arculli as Chairman.
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 dive master.