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2015
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  • AIA Appoints Swee Lian Teo as an Independent Non-executive Director

    14 August 2015


    HONG KONG, 14 August 2015 – The Board of Directors (the “Board”) of AIA Group Limited, (“AIA” or the “Company”; stock code: 1299), is pleased to announce the appointment of Ms. Swee Lian Teo as an Independent Non-executive Director of the Company. She will also serve as a member of the Risk Committee and Nomination Committee of the Board. Ms. Teo’s appointment takes effect from 14 August 2015.

    Ms. Teo, aged 55, currently serves as a non-executive and independent director of Singapore Telecommunications Limited, which is listed on the Singapore Exchange. She is also a non-executive director of Avanda Investment Management Pte Ltd, a Singapore-based fund management company.

    Ms. Teo has over 27 years of experience with the Monetary Authority of Singapore (“MAS”). During her time at the MAS she worked in foreign reserves management, financial sector development, strategic planning and financial supervision. She was the Deputy Managing Director in charge of Financial Supervision – overseeing regulation and supervision of the banking, insurance and capital markets industries and macroeconomic surveillance, and also represented the MAS on various international fora including the Basel Committee on Banking Supervision and on various committees and working groups of the Financial Stability Board. She retired from the MAS as Special Advisor in the Managing Director’s office in June 2015. In addition to the MAS, Ms Teo also served on the Board of the Civil Aviation Authority of Singapore from 2002 to 2010.

    Ms. Teo received her B.Sc. (First) in Mathematics from the Imperial College of Science and Technology, University of London in 1981 and her M.Sc. in Applied Statistics from the University of Oxford in 1982. She was also awarded the Public Administration Medal (Gold) (Bar) at the Singapore National Day Awards in 2012.

    Mr. Mark Tucker, AIA’s Group Chief Executive and President, said, “I am delighted that Swee Lian is joining our Board. Over her long, respected and successful career with the MAS, Swee Lian has accumulated a tremendous amount of international financial services knowledge, experience and insights. In this regard, we are extremely fortunate to have the advantage of Swee Lian’s vision and counsel as AIA continues to execute our proven growth strategy across the Asia-Pacific region.”

    - End -

    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 a presence in 18 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 97 per cent subsidiary in Sri Lanka, a 26 per cent joint venture in India and representative offices in Myanmar and Cambodia.

    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$172 billion as of 31 May 2015.

    AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 29 million individual policies and over 16 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-the-counter market (ticker symbol: “AAGIY”).

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