AIA names new Singapore CEO

There will soon be a new face at the top of AIA Singapore with the company today announcing the appointment of Wong Sze Keed (pictured) as its new CEO.

Sze Keed will move into the role from July 01 this year, reporting to regional chief executive Tan Hak Leh. She takes the position held by Patrick Teow, who, after seven years with the company and more than 35 years in the life insurance industry, has decided to take a break.

“I want to take this opportunity to thank Patrick for his excellent leadership and many significant contributions to AIA’s success during his time with us. His dedication, professionalism and insights have been invaluable,” said Hak Leh.

“I am delighted that Sze Keed will be our new CEO in Singapore. Sze Keed has deep experience of the Singaporean life insurance market and she has a superb track record of delivery and execution. I am confident that under her leadership AIA Singapore will realise its full potential.”

Sze Keed originally joined AIA back in 2013 and boasts more than 27 years of experience within the financial services industry, holding a broad range of senior management roles. She is currently chief distribution officer for the Singapore arm and said she is “excited and truly honoured” to make the step up.

“I would like to thank Patrick for his guidance and tremendous support over the years,” she said. “Looking ahead, I will continue to be guided by AIA’s promise to help our customers live healthier, longer, better lives. I look forward to bringing our product propositions, high-quality advice and innovative service to as many people as possible in Singapore as we strive to deliver the best outcomes on behalf of our customers.”

Teow also had kind words for his replacement.

“I have thoroughly enjoyed my career at AIA,” he said. “I am extremely proud of the teams we have built and the achievements we have delivered together. I have worked very closely with Sze Keed for many years and I am pleased to be handing over my responsibilities to her, which I know she is ideally positioned to carry out. AIA is an exceptional company filled with outstanding people and I know that it will continue to enjoy great success for many years to come.”