MCIS Zurich Insurance Bhd chief executive officer Md Adnan Md Zain has been elected at the president of Life Insurance Association of Malaysia (LIAM) at its 35th annual general meeting (AGM) on March 25, taking over the helm of the industry body from Am-Life Insurance Bhd CEO Ng Lian Lu.
Ooi Say Teng (picture, left), their counterpart at Uni.Asia Life Assurance Bhd, was elected as the vice president.
The two top positions at LIAM are elected at every AGM with the maximum term in office of the president being three consecutive years.
Adnan, who began his career in the banking industry with Standard Chartered Bank (SCB) in 1981, headed the bank's key regional corporate banking project based in Hong Kong from 1990 until 1992.
He was the head of global electronic banking, reporting directly to the group head office in London, prior to leaving SCB in 1995. He subsequently held various key management positions within the banking industry, including being the acting CEO of Alliance Merchant Bank in 2003, before going to MCIS Zurich in April 2005 as its deputy CEO and subsequently being appointed as CEO in February 2006.
Md Adnan sits on the boards of the Malaysian Insurance Institute and Malaysian Life Reinsurance Group Bhd.
Ooi, who graduated with a Bachelor of Science (Honours) degree in Actuarial Science from the City University, London, in 1993, has about 26 years of experience in the insurance industry, LIAM said in a statement.
Prior to joining Uni.Asia Life as its CEO in January 2003, he was the assistant general manager of Mayban Life Assurance Bhd from January 2000 to December 2002, and deputy general manager of MBA Life (now known as Allianz Life Insurance Bhd) from 1996 to 1999. Ooi started his career with MCIS Insurance (now known as MCIS Zurich) in 1983 as an actuarial officer. He is a director at Malaysian Life Reinsurance Group Bhd. -- The Malaysian Reserve (Mar 31, 2009)
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