Ng Keng Hooi appointed new AIA CEO

AIA Group has revealed that Ng Keng Hooi, AIA regional chief executive, has been appointed group CEO and president designate. He will replace Mark Tucker as group CEO and president from 1 September 2017. Tucker has informed the board of directors of his intention to retire from his executive positions with the group and take up the role of non-executive group chairman of HSBC Holdings. Ng brings more than 37 years’ experience in the Asian life insurance industry and as AIA regional chief executive. He was responsible for many of the group’s largest businesses as well as Group Agency Distribution. He is also a director of various companies within the group including its two largest operating entities, AIA Company and AIA International. Edmund Tse, AIA group chairman said, “Keng Hooi is a proven leader with an impressive track record and I am delighted that he will succeed Mark as group chief executive and president of AIA. This appointment follows a rigorous and extensive succession process, which included consideration of internal and external candidates. For the last six and a half years, Keng Hooi has excelled in the role of regional chief executive for AIA displaying first-class leadership and strategic vision while consistently delivering strong results. He is ideally qualified to build on AIA’s success to-date. On behalf of the entire Board, I would like to express my sincere thanks to Mark who has made a huge and lasting contribution to AIA as group chief executive and president, having led the company from its IPO in 2010.”