Tokio Marine Life Insurance Singapore (TMLS) has announced James Tan has stepped down from his role as CEO.
Tan served as CEO of TMLS since June 2016. Before that he was managing director at Friends Provident International in Hong Kong. He has also previously worked at the likes of; AIA, Bain and Co, ING and Standard Chartered, and has worked in Asia, the Middle East and the US.
The insurer’s board will make another announcement regarding Tan’s successor as CEO.
During the transition period, chief financial officer (CFO) Kenneth Chew will act as interim CEO and oversee the company’s day-to-day activities.
Chew has previously performed the roles of chief risk officer (CRO) and chief operations officer (COO) at the firm, and is a qualified accountant.
A press release by TMLS credited Tan with steering the company towards the long-term strategic goal of a sustainable and profitable business in Singapore.
“The Board thanks Mr Tan for his dedication and contribution to TMLS, and wishes him well for the future,” said Tan Cheng Han, chairman of the board of directors at TMLS.