Insurance firm AIA Singapore has appointed its chief strategy officer (CSO) Koo Chung Chang as chief financial officer (CFO), effective March 5. He succeeds Alistair Chamberlain, who had been the firm’s CFO since 2013.
Mr. Koo, a life insurance industry veteran, will oversee the company’s financial operations, management reporting and actuarial management in his new role, an AIA Singapore spokesperson tells Asia Asset Management (AAM) on March 13.
As CSO, Mr. Koo was responsible for developing and implementing transformational strategies propelling the company to become one of the leading life insurers in Singapore.
Before joining AIA Singapore in 2016 as CSO, he served as Singapore-headquartered Great Eastern (GE) Holdings Limited’s acting group chief risk officer, where he was responsible for the overall risk management of the GE Group.
Mr. Koo began his career at GE as a management associate and went on to gain extensive knowledge of the insurance industry through the various roles and leadership positions he held there, including stints as appointed actuary and CFO for GE Singapore.
Meanwhile, Chiew Ai Chin is taking over as AIA Singapore’s new CSO, a role in which she will be responsible for shaping the company’s vision, and leading the development and execution of its strategy and transformation journey. She will also drive the firm’s data analytics capability at the enterprise level, leveraging the power of data to inform business strategies.
Ms. Chiew joined AIA Singapore in December 2015 as head of strategy and transformation, where she was instrumental in driving the development of the company’s transformational strategy and ensuring strategic alignment for the organisation in terms of structure, resources and culture.
She has been with AIA for over 12 years, and held various roles in actuarial, management support and business development for AIA Malaysia and the AIA Group Office before joining AIA Singapore.
AIA Singapore’s spokesperson tells AAM: “These internal appointments reflect our commitment to developing internal talent to assume senior leadership positions in the company, and we are confident that both Chung Chang and Ai Chin will do an excellent job in propelling AIA Singapore forward.”
AIA Singapore is part of Hong Kong-based pan-Asian life insurance group AIA Group Limited, which had total assets of US$200 billion as at May 31, 2017.
