Prudential Forms Cross-sector Business Collaboration with Nova and KOS International to Recruit Talent Through a One-stop Talent Acquisition Service Platform

(22 May 2023, Hong Kong) Prudential Hong Kong Limited ('Prudential') today announced a new three-way cross-sector business collaboration with Nova Credit China Holdings Limited ('Nova', a subsidiary of a local credit reference agency Nova Credit Limited) and Human Resources and Recruitment Services Provider KOS International Limited ('KOS International'), to explore collaboration to promote a one-stop talent acquisition service platform for recruitment of high-calibre insurance professionals to support Prudential’s strategic business development in Hong Kong.

Following its announcement of the Development Roadmap for the Insurance Sector¹, the Government is encouraging insurers to grasp opportunities under China's "Dual Circulation" strategy, while stressing the importance of overseas connectivity of insurance talent, technology and data, as well as growing international ties. The objective of this business collaboration aligns with the Government’s goal of attracting overseas talents to transform Hong Kong into a sophisticated and well-equipped international insurance hub.

"Prudential has always put heavy emphasis on talent acquisition and development, for example, we set up our market-first financial management training academy here two decades ago. Now with the post-Covid global reopening, this new business collaboration will not only accelerate our acquisition of insurance talent to harness post-pandemic development opportunities, but will also help us grow our thriving, Future-ready agency force to fulfil the evolving needs of customers," said Benny Tsoi, Chief Agency Officer of Prudential Hong Kong Limited.

Available positions in Prudential’s agency force including branch manager, business manager and regional director etc, will be listed on the Talent Platform. Upon nomination by Prudential’s regional directors, applicants simply need to register for an account on the platform and apply for their desired positions. Meanwhile, KOS International will be entrusted with the one-stop follow-up work related to the application process for the Top Talent Pass Scheme launched by The Immigration Department. Talent can also search, browse and apply for the current openings at Prudential to pursue careers which they are suitably skilled and are passionate about.

Successful applicants can benefit from a series of services to help them quickly acclimate in Hong Kong, such as applying for medical insurance and getting access to training services offered by participating organisations. This one-stop service reduces unnecessary hassle and accelerates the integration of new talent into work and life in Hong Kong by making all these preparations even before their arrival.

Samuel Ho, Chief Executive Officer of Nova Credit Limited said, "As a pioneer in FinTech, Nova’s industry-first collaboration with Prudential is a great opportunity to leverage our competitive advantages in innovative technology, information risk management, and smart data analysis technology, to support new talent integrating into Hong Kong’s job market."

Eric Ng, Chief Strategy Officer of KOS International Limited said, "In the past, recruiting from outside of Hong Kong involved cumbersome documentations and application processes, which often demotivated talent from developing their professional careers here. Through this tripartite business collaboration, we expect it to shorten the entire recruitment process to between six and eight weeks. We believe this will increase our success rate recruiting top talents to work in Hong Kong."

Prudential is a leading insurer with the largest agency force consists of almost 20,000 financial consultants. To meet the rising demand for insurance protection, Prudential is looking to hire an additional 4,000 financial consultants in Hong Kong this year to serve the growing demand from customers in Hong Kong and the Chinese mainland.

1 Released by the HKSAR Government on 5 December 2022:
https://www.info.gov.hk/gia/general/202212/05/P2022120400606.htm

From left to right

• Eric Ng, Chief Strategy Officer, KOS International Limited

• Benny Tsoi, Chief Agency Officer, Prudential Hong Kong Limited

• Samuel Ho, Chief Executive Officer, Nova Credit Limited

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About Prudential Hong Kong Limited

Prudential has been serving the people of Hong Kong since 1964. Through Prudential Hong Kong Limited and Prudential General Insurance Hong Kong Limited, we provide a range of financial planning services and products including individual life insurance, investment-linked insurance, retirement solutions, health and medical protection, general insurance, and employee benefits.
www.prudential.com.hk