Andrew Yeo will take the reins as chief executive officer at Singapore insurer NTUC Income from June 1, while current chief Ken Ng will transit to a new role.
NTUC Income's executive vice president Andrew Yeo will become the company's chief executive officer from June 1, taking over from Ken Ng, who has held the role since 2013, the Singapore insurer announced in a press release.
Yeo joined NTUC Income in 2015, and is currently the firm's executive vice president and general manager of its life and health business. He has previously held leadership roles in major insurance companies, including AIA, Great Eastern and Prudential.
Ng will take up a new role in NTUC Enterprise to support the executive director, but will remain as CEO until June 1 to ensure a smooth transition, NTUC Income said.
«Instrumental to Growth»
NTUC Income chairman Roland Ong said that Yeo has been instrumental in the growth and development of the company since joining the firm four years ago.
«Andrew is a prominent member of the management team and is widely recognised by colleagues and industry peers for his business acumen and problem-solving capabilities. He has the full support of the board, management team and staff to lead Income into its next phase of growth,» Ong said about the appointment.
