Posted by: Gurindam Jiwa | Wednesday, June 4, 2008

New CEOs of Allianz Malaysia

Press Release
04 June 2008
New CEOs of Allianz Malaysia

Allianz Malaysia Berhad, today officially announced the appointment of Alexander Ankel as CEO of Allianz Life Insurance Malaysia Berhad (ALIM) and Ng Hang Ming as CEO of Allianz General Insurance Company (Malaysia) Berhad (AGIC) and Commerce Assurance Berhad (CAB).

Prior to this appointment, Alexander Ankel was the CEO for AGIC and CAB. Besides being the CEO of ALIM, he is also holding the role as CEO of Allianz Malaysia Berhad, the Holding Company.

New CEOs of Allianz Malaysia
Ng Hang Ming & Alexander Ankel

Alexander Ankel has over 17 years of international insurance experience in Germany, Switzerland, Singapore, Japan and Malaysia. Prior to Malaysia, he was the CEO of Allianz Fire and Marine Insurance in Japan and is recognized for his skills on strategic planning, corporate reorganisations and customer service improvements. Among his notable achievements was the successful acquisition and integration of CAB into AGIC in 2007.

Ng Hang Ming joined the Allianz regional office in Singapore in 1998. He was involved in the life and general insurance business in the Asia Pacific region prior to joining Allianz Malaysia in 2003. With a strong finance background and also engineering credentials, Ng Hang Ming, the former Chief Financial Officer of AGIC and CAB, will now take over as the new CEO for these two entities.

“I am happy that Alexander Ankel and Ng Hang Ming will be at the helm of Allianz Malaysia”, Tan Sri Razali, Chairman of Allianz Malaysia Berhad commented. “Both have worked successfully for Allianz Malaysia in the past, for example during the integration of CAB and the re-quotation of Allianz shares on the Bursa Malaysia”.

Bruce Bowers, CEO of Allianz Asia Pacific said: “We are delighted with this move which will foster our future position in the important Malaysian market to achieve even greater profitable growth for Allianz Malaysia. This change of management is also a story of solid succession planning in our dynamically growing group”.

Kuala Lumpur, 04.06.2008


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