He succeeds Mr. Ng Keng Hooi, who has retired from his executive positions with the Company. Prior to joining AIA, he was an executive director of Ping An Insurance (Group) Company of China, Ltd. and served as the company’s co-CEO and Chief Insurance Business Officer. Before Ping An, Mr. Lee held senior leadership positions at Prudential plc of the United Kingdom. He began his career at the Monetary Authority of Singapore.
Edmund Tse, AIA’s Independent Non-executive Chairman, said, “Yuan Siong has a superb track record of accomplishment across Asia’s insurance markets, making him the ideal leader to succeed Keng Hooi at an important time in AIA’s history. I am delighted that AIA will benefit from Yuan Siong’s unrivalled breadth and depth of experience in Asia’s life insurance industry.”
Lee Yuan Siong said, “I am thrilled and honoured to be the new Group Chief Executive of AIA, the premier life insurance company in the Asia-Pacific region. AIA has achieved great success over 100 years of history and I look forward to working with my outstanding colleagues to ensure we lead the organisation to its next phase of long-term, sustainable growth.”