AIA appoints nominees to NDB Aviva board

10 Dec 2012 - {{hitsCtrl.values.hits}}

Subsequent to the completion of the acquisition of Aviva NDB Insurance PLC last week, AIA Group announced five appointments to the firm’s director board amidst the resignation of directors representing Aviva and National Development Bank (NDB), a stock exchange filing by the company said.

Consequently, Regional Chief Executive of AIA Group Ltd, Huynh Thanh Phong was appointed to the post of Chairman and Director of the board.

Additional directorship appointments to the board include AIA’s Business Development Director, Richard Bates, Group Senior Regional Counsel, Manoj Ramachandran, Appointed Actuary for TATA AIA Life Insurance, Heerak Basu and CEO and Managing Director, American International Assurance, Malaysia, Khor Hock Seng.

Managing Director Shah Rouf and NonExecutive Independent director Deepal Sooriyaarachchi will remain in Aviva NDB’s board which will be renamed as AIA in January 2013. Meanwhile, AIA is currently seeking mandatory approval from the Insurance Board of Sri Lanka (IBSL) in order to formalize the appointments.

Meanwhile, former Chairman of the board, T.R. Ramachandran, and former Director, Russel De Mel were amongst those who resigned from Aviva NDB board.

Other

AIA appoints nominees to NDB Aviva board

Most Popular Articles

Sri Lanka’s exports surpass US$9 billion in first half of 2026

Sri Lanka’s IMF reserve target comes under pressure: KPMG

Sri Lanka explores local gold refinery as IMF regulations delay import tax relief for jewellers

CSE ends lower as turnover falls to year’s lowest, ASPI holds key support

HMD introduces latest range of feature phones to Sri Lanka

CSE opens the week lower as broad-based selling offsets strong institutional activity

Latest News

Port City helipad among key aviation proposals

Chinese Embassy seeks probe into Port City clash

Mid-air 10-person brawl halts easyJet flight

Grade 5 Scholarship Examination 2026 to be held on August 9

Oil prices hit $100 for the first time since May