Paul Heath, chief executive officer, Ogilvy & Mather Asia-Pacific, will take over as acting chairman of the Ogilvy Group of companies in Hong Kong from 18 January. Royce's final day with Ogilvy is 15 January, 2010.
"Fancl celebrates its 30th anniversary next year," said Yuen. "It has had tremendous growth in Hong Kong and China in the past 10 years, so my task will be to build the brand globally and leverage my global brand-building experience."
Yuen has previously held client-side roles at Ferrero and Hong Kong Futures Exchange.
Commenting on Royce’s departure, Tim Isaac, chairman Ogilvy & Mather Asia-Pacific, said: “Under Royce’s leadership Ogilvy Hong Kong was recently named Media magazine’s North Asia Office of the Year, runner-up. Even during this deep recession Royce’s Hong Kong operations have increased revenue compared to 2008. He has every reason to be proud of what he has done with us and for us to be truly grateful to him.”
Isaac added: “We have an excellent management group already in place - Paul has already been closely involved with many critical aspects of the Hong Kong organisation and new business projects. He is based in Hong Kong, which is essential for him to his role as chairman to be effective - and he is well known by everyone in the Hong Kong office."
Over the last 12 months Ogilvy Hong Kong has picked up business from the global Shangri-La account, Las Vegas Sands, Mass Transit Railway (MTR) and property project K11.