AIA announced a number of new appointments to the top of its Australia and New Zealand Executive team.

AIA Group is said to be working with its advisor Citigroup, on a potential bid for the wealth and insurance division of ANZ. In the meantime the insurer has made several additions to its senior management. 

AIA Australia has announced changes to the executive team with the creation of the new roles of Chief Health Insurance Officer and Chief Strategy Officer as well as the appointment of a new Chief Financial Officer.

Life And Health Push

Michael Chernov has been appointed Chief Financial Officer for Australia and New Zealand, he is a qualified actuary with over 18 years’ experience in the life insurance industry across Australia and the U.K.

He joined AIA Australia in 2009 and has held senior roles in the Actuarial, Finance and Strategy teams. Prior to joining AIA Australia, Chernov gained experience in both consulting and reinsurance with roles at Munich Re Deloitte and Trowbridge Consulting.

Newly Created Roles

Harry Efthimiou has been appointed Chief Health Insurance Officer. He has been with AIA Australia since 2010 in the roles of Chief Financial Officer and Chief Finance & Strategy Officer.

Prior to joining AIA, he spent eight years with Aviva in a range of roles, including Head of Mergers & Acquisitions for Aviva in the United Kingdom and Head of Aviva Finance Integration following the takeover of Aviva by MLC/NAB Wealth.

Tim Tez takes up the newly created role of Chief Strategy Officer for Australia and New Zealand, with responsibility for Strategy, Corporate Affairs and Government Relations.

He was previously a key part of the AIA Australia team from 2009-2014, as Chief Marketing Officer. Prior to AIA, he worked in executive positions for MetLife, AXA and TAL.