William Lisle Appointed CEO of AIA Bhd. & ING Insurance Berhad
Bacaan 7 min
Kuala Lumpur, 4 January 2013- AIA Bhd. announced the appointment of Mr. William (Bill) Lisle as Chief Executive Officer of AIA Bhd. and ING Insurance Berhad, effective 26 December 2012. Presently AIA’s Group Chief Distribution Officer, Mr. Lisle will lead the integration of AIA and ING in Malaysia, reporting to Mr. Ng Keng Hooi, Regional Chief Executive.
Said Mr. Lisle, “I am very optimistic about our future and look forward to leading the integration of the new AIA. This will be a critical year as we bring both organisations into one single licence and work to fulfill the new AIA’s vast growth potential. I look forward to working closely with our agents, employees and business partners to expand our business and ensure that Malaysians enjoy the financial security and peace of mind that comes with our products and services.”
Mr. Lisle has extensive knowledge of the insurance industry, having spent the last 25 years holding a variety of senior positions, including Managing Director, South Asia for Aviva and CEO of Prudential Malaysia. Since joining AIA in January 2011, he has played a key role in developing and driving the Group’s Premier Agency and partnership distribution strategies, working closely with the Regional Chief Executives and the Country Chief Executive Officers and their teams. Mr. Lisle will continue to head the Group Distribution function for Agency, and will remain a member of the Group Executive Committee in that capacity.
“AIA’s recent acquisition of ING Malaysia will move AIA to the leading position in the market. Bill’s experience in executing organisational transformation, his deep understanding of the Malaysian market and track record for success in generating profitable growth through both agency and partnership distribution all make him the right person to lead the integration in Malaysia, and take the business to a new level of high quality growth in one of South East Asia’s most attractive markets,” said Mr. Ng.
AIA Group Limited completed the acquisition of ING Management Holdings (Malaysia) Sdn. Bhd. on 18 December 2012. The combination of AIA and ING’s insurance businesses in Malaysia will transform AIA’s scale and reach to become the market leader in the fast-growing and highly profitable life insurance market in the country.
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About AIA Bhd.
American International Assurance Bhd. (AIA Bhd.) began operations in Kuala Lumpur, Malaysia in 1948 as a branch of American International Assurance Company, Limited (AIA). With over 60 years of local market presence, AIA Bhd. has now become one of the country’s largest life insurers, with a network of 23 branches nationwide. The company’s focus is on designing new and innovative products to meet the changing needs of the market. AIA Bhd. is a member of the AIA Group.
About AIA
AIA Group Limited and its subsidiaries (collectively “AIA” or “the Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has operations in 16 markets in Asia Pacific – wholly owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 92 per cent subsidiary in Sri Lanka and a 26 per cent joint-venture in India.
The business that is now AIA was first established in Shanghai over 90 years ago. It is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$119,494 million as of 31 May 2012
AIA meets the savings and protection needs of individuals by offering a range of products and services including retirement savings plans, life insurance and accident and health insurance. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents and employees across Asia Pacific, AIA serves the holders of more than 24 million individual policies and over 10 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-thecounter market (ticker symbol: “AAGIY”).
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