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AIA Announces a Management Change

2011-03-25 14:12 1966

HONG KONG, March 25, 2011 /PRNewswire-Asia/ -- AIA Group Limited, ("AIA"; stock code: 1299), the world's largest independent, publicly listed pan-Asian insurance group announces that Marc de Cure has decided to resign as Group Chief Financial Officer and return to Australia for family-related reasons. To ensure a smooth transition Marc will remain with AIA until 30 June, 2011.

Mr. Mark Tucker, AIA's Group Chief Executive and President, said: "I would like to thank Marc for his very valuable support at a critical time in AIA's history, including helping AIA produce and announce its first set of business results last month as an independent, listed company. I am pleased that he has agreed to remain connected to AIA as a consultant working with AIA Australia*."

Mr. Tucker added, "The important task of the search for Marc's replacement is underway.  We hope to complete this process very shortly, and will make a further announcement in due course."

About the AIA Group

AIA Group Limited and its subsidiaries (collectively "the AIA Group" or "the Group") comprise the largest independent publicly listed pan-Asian life insurance group in the world, with a broad footprint spanning 15 markets in Asia Pacific. The Group traces its roots in the region back more than 90 years and has total assets of US$107.9 billion.

The AIA Group meets the protection, savings and investment needs of individuals by offering a comprehensive suite of products and services covering accident and health insurance, life insurance and retirement planning. It also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of more than 260,000 agents and over 21,000 employees across Asia Pacific, AIA serves the holders of over 23 million individual policies and over 10 million participating members of group policies.

The Group has operations in Hong Kong, Thailand, Singapore, China, Malaysia, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei and India.

The AIA Group is a market leader in the Asia Pacific region based on life insurance premiums, and holds number one positions in six of its geographical markets. Due to its historical roots in Asia, the AIA Group has built a network of many wholly-owned businesses operating as branches or subsidiaries. Only in India, where legislation restricts foreign ownership of insurance companies to 26%, is the Group's main operating unit a joint venture.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code '1299'.

*AIA Australia refers to AIA Australia Limited

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Source: AIA Group Limited
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