Sowan Hong
About Sowan Hong
Sowan Hong is a Finance Manager specializing in Retirement Solutions at Legal & General, with extensive experience in financial management and consulting. He has a strong educational background, holding a Bachelor of Commerce from The Australian National University and an MBA from the University of Oxford.
Current Role at Legal & General
Sowan Hong currently serves as Finance Manager for Retirement Solutions at Legal & General, a position held since 2021. In this role, Hong leads the detailed forecasting of expenses for a business with a cost base exceeding £100 million, specifically focusing on workplace pensions and retail investment. Hong's responsibilities include negotiating cost savings with senior stakeholders, contributing to effective financial management within the organization.
Previous Experience at Legal & General Investment Management
Prior to the current role, Sowan Hong worked at Legal & General Investment Management (LGIM) in various capacities. From 2019 to 2020, Hong was a Finance Manager, overseeing financial operations. Earlier, from 2017 to 2019, Hong served as a Senior Internal Auditor, focusing on internal controls and compliance in London. These roles provided valuable experience in financial oversight and strategic planning.
Educational Background
Sowan Hong holds a Master of Business Administration (MBA) from the University of Oxford, completed in 2022. Prior to this, Hong earned a Bachelor of Commerce in Accounting and Finance from The Australian National University, studying from 2009 to 2011. Additionally, Hong attended Kincoppal-Rose Bay from 2006 to 2008, laying the foundation for a career in finance and consulting.
Experience at KPMG
Sowan Hong has extensive experience at KPMG, having worked in both Australia and the UK. In Australia, Hong served as a Consultant in Risk Consulting from 2012 to 2013, and later as a Senior Consultant from 2013 to 2015. In the UK, Hong held positions as Assistant Manager in Financial Services Internal Audit from 2015 to 2016 and as Assistant Manager in Investment Management Internal Audit from 2016 to 2017. These roles involved risk assessment and internal auditing, enhancing Hong's expertise in financial management.
Key Contributions and Initiatives
Throughout the career, Sowan Hong has made significant contributions to financial management processes. Hong created a quarterly customer number forecast process that informed operations resource planning, budgeting, and strategic planning. Additionally, Hong developed a new process to extract financial information from operational systems, improving financial management information and key performance indicators (KPIs) for the executive committee. Hong also collaborated on an internal M&A project, building a comprehensive profit and loss view for a new business.