Transamerica Life Bermuda (TLB) has received regulatory approval for Benjamin Chua (pictured left), TLB Singapore head of finance, to assume the additional role of TLB chief executive in Singapore.
The insurer has also hired Jeremy Young (pictured right) as global head of sales & distribution.
Chua, in his new role as chief executive, will oversee the execution of TLB’s corporate strategy to drive business growth in Singapore. He will continue in his role as head of finance – which he has held since 2014 – where he is in charge of the overall capital management and financial reporting and management activities of the Singapore business. He will report directly to TLB’s chief executive officer, Chirag Rathod.
“Singapore is an extremely important market for TLB and Benjamin is a strong leader within the organisation and is widely respected by his peers,” said Rathod. “He has a deep knowledge of the market and our business operations in Singapore. His solid track record of delivery will prove invaluable in leading and driving sustainable business growth in the country.”
Meanwhile, Young will be responsible for the company’s sales strategy, while building its distribution capability and leading teams across Hong Kong, Singapore and Bermuda. In addition, he will grow key relationships with brokers, private banks and other financial firms to expand TLB’s distribution footprint across the globe. He will report to TLB president Hazel Etherington.
Young joined from Sun Life Financial, where he had held various senior manager roles over the past 11 years, most recently as chief marketing officer for Asia.
“Jeremy will build upon TLB’s strong business partner servicing capabilities and work closely with our distribution partners, helping them to better serve HNW customers who are looking to achieve financial security and protection during these uncertain times,” said Etherington.