AIA Group announced last week that its Group Chief Executive and President, Mark Tucker, has informed the board of directors of the Company of his intention to retire from his executive positions with the Company and its subsidiaries and take up the role of non-executive Group Chairman of HSBC Holdings plc.
The Board was pleased to announce that Ng Keng Hooi, AIA Regional Chief Executive, has been appointed Group Chief Executive and President Designate with immediate effect. He will succeed Mark as Group Chief Executive and President with effect from September 1, 2017.
Ng Keng Hooi has over 37 years of experience in the Asian life insurance industry and is currently AIA Regional Chief Executive responsible for many of the Group’s largest businesses as well as Group Agency Distribution.
Mark Tucker said: “It has been a great privilege to lead AIA. I am enormously proud of the Group’s achievements since we became a public company and wish to thank the Board for its outstanding support as well as all of our employees and agents whose tremendous insights, dedication, teamwork and relentless pursuit of excellence have been integral to our success and our ability to serve our customers, contribute to our communities and create value for our shareholders.