Following the news that current Chief Executive Mark Tucker is to exit, AIA has moved quickly to select and name his successor.

Tucker named by HSBC Holding as its new chairman will be succeeded at the Pan Asian insurance group by Ng Keng Hooi from 1 September 2017.

The AIA board announced that Ng, AIA Regional Chief Executive, has been appointed Group Chief Executive and President Designate with immediate effect. He will succeed the outbound Tucker as Group Chief Executive and President with effect from 1 September 2017.

Ng 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.

Ideally Qualified

He is also a director of various companies within the Group including its two largest operating entities, AIA Company Limited and AIA International Limited.

«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,» said Edmund Tse, AIA Group Chairman.