David Webb, Hong Kong Activist, Dies at 60

David Webb, a leading figure in Hong Kong's corporate governance landscape, has died at the age of 60. Webb passed away peacefully in Hong Kong on Tuesday, January 13, 2026, following a battle with metastatic prostate cancer.

Throughout his career, Webb was best known for his aggressive stance on market transparency and shareholder rights. His legacy includes the creation of a free public database designed to empower investors and the publication of the explosive 'Enigma Network' exposé. This investigation reportedly caused significant disruption at the Hong Kong stock exchange. A formal notice regarding his passing was shared via one of his social media accounts.

Webb is remembered as a dedicated activist who challenged the status quo. He leaves behind a wife and two children.

The Hong Kong financial community has lost a vocal critic with the passing of David Webb. On Tuesday, January 13, 2026, Webb died at the age of 60. The cause of death was identified as metastatic prostate cancer.

Confirmation of his death came through a notice posted on one of his personal social media accounts. The statement expressed deep sadness at the loss of David M. Webb MBE, noting that he passed away peacefully in Hong Kong. Webb was a well-known personality who dedicated much of his life to improving standards within the corporate sector.

His passing marks the end of an era for activists who relied on his research and public advocacy. Webb's work often placed him at odds with established corporate interests, but he remained a steadfast advocate for transparency and accountability.

David Webb's reputation was cemented by his fearless investigation into complex corporate structures. He is most famous for his exposé of the Enigma Network, a group of interconnected companies that raised serious governance concerns.

The investigation sent shockwaves through the Hong Kong stock exchange. By highlighting the opaque relationships between various listed entities, Webb forced regulators and investors to scrutinize the network's activities closely. His findings were instrumental in sparking debates regarding the adequacy of existing corporate governance rules in the region.

Webb's analysis was not limited to a single investigation. He maintained a comprehensive database that tracked shareholdings and corporate movements, providing a vital resource for market participants seeking to understand the often-complicated web of ownership in Hong Kong.

Beyond the Enigma Network, David Webb was a tireless campaigner for shareholder rights. He utilized his platform to challenge boards and executives on issues ranging from executive pay to related-party transactions.

His work involved:

• Maintaining a free public database of corporate information.
• Publishing detailed analyses of company filings.
• Challenging questionable corporate actions through public commentary.

Webb's influence extended beyond Hong Kong, serving as a model for activist investors globally. His approach combined rigorous data analysis with direct communication, often bypassing traditional media to reach investors directly. He was honored with the title MBE for his services to corporate governance.

While David Webb was a public figure, he also maintained a private life. The notice of his death confirmed that he is survived by his immediate family.

He leaves behind his wife and two children. The family was by his side during his illness. Colleagues and associates have noted the personal loss alongside the professional void left by his passing. The news of his death has prompted an outpouring of tributes from those who worked with him and those who admired his commitment to integrity in business.

The death of David Webb signifies a significant moment for the Hong Kong financial sector. His contributions to corporate governance have left a lasting impact on how business is conducted in the region.

Webb's legacy is defined by his courage to expose wrongdoing and his dedication to providing free access to information. As the markets continue to evolve, the standards he fought for remain a benchmark for transparency and accountability. His work will continue to influence future generations of investors and activists.