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Appointment of Chairman

25 06 2023

We are pleased to announce that the Board has appointed Mr Pai-Heng (Henry) Cheng as Chairman of Foresta.


Mr Henry Cheng is a highly skilled senior management and board executive with over 35 years of extensive experience in international business, resources, insurance, investment, finance and banking. Henry has developed strong global connections and networks, having travelled extensively and worked in many countries. He has forged well-established and influential relationships at senior executive and board level with publicly listed and private companies as well as leading financial institutions and government entities across Asia, USA, Europe and UK.


Henry is a graduate of the National Taiwan University and holds a Bachelor of Business and Master of Business (International Finance). Henry currently serves as Chairman of Formosa Group Australia, Chairman of Formosa Resources and Chairman of Arizona Global Transaction Management Services.


He was previously Managing Director of Canadian insurer Manulife Funds Direct and General Manager of Clerical Medical International (later merged with Halifax), a British life assurance, pension and investment company founded in 1824, and a subsidiary of Lloyds Banking Group, as well as a Director of the Australian Patients Association (APA).


The Board is delighted that Mr Cheng has accepted the responsibility as Chairman of the company. Mr Cheng said “I am both delighted and honoured to assume the role as Chairman of Foresta. I look forward to working with the Board and Management of Foresta to shape the strategic direction and fulfil the business aspirations of the company”.

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