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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