AIA Bhd has appointed Tan Sri Dr Wee Hoe Soon as chairman, effective June 15, 2023, succeeding Ching Yew Chye, who is retiring after completing his directorship with the company.
Wee, who has been on the board of AIA as an independent non-executive director since January 5, 2023, will be the third board chairman of AIA.
He brings over 38 years of experience in accounting and corporate finance. He successfully implemented several corporate exercises, including merger and acquisition and corporate debt restructuring exercises by public-listed companies (PLCs).
Wee was a member of the national debt and liability management committee and a member of the investment panel of the Employees Provident Fund (EPF).
He was also the former chairman of EON Bank Bhd and Amity Bond Sdn Bhd and deputy chairman of Avenue Capital Resources Bhd.
Before that, he was the chief executive officer and executive director of Dealing of Avenue Securities Sdn Bhd.
Wee is a member of the Malaysian Association of Certified Public Accountants and the Malaysian Institute of Accountants.
He currently sits on the board of the Securities Commission, Yinson Holdings Bhd, Red Ideas Holdings Bhd and Perusahaan Sadur Timah Malaysia Bhd.
AIA chief executive officer Ben Ng said that with a proven track record of leadership and strategic vision, Wee brings a wealth of experience and expertise to the company.
“His appointment signifies a pivotal milestone in our journey to help
more people live healthier, longer, better lives.
“I look forward to working with Wee as we navigate the dynamic landscape of the insurance industry and further drive our
organisation to new heights of success,” he said in a statement.
Ng also thanked Ching for his steadfast guidance and support for many years.
He said that having joined the board at the height of the AIA and ING merger, Ching provided strategic oversight and guided the management team through integrating and migrating both entities.