Manulife announced that Mr Khoo Kah Siang has been appointed Chief Executive Officer for Manulife Singapore. He will join Manulife's Asia Executive Committee and report directly to Manulife Asia CEO, Mr Anil Wadhwani. His appointment is effective from 9 February 2018, subject to any necessary regulatory approvals.
Mr Khoo will be responsible for the Company’s operations in Singapore, including its life insurance, wealth management and retirement solutions businesses.
He joins Manulife from a very successful 12 year career at Great Eastern. Most recently he was Senior Managing Director, Strategic Business Development and Regional Bancassurance, responsible for growing its businesses across South East Asia. Previously he was CEO of its Singapore operations, achieving record growth for the company’s life, group and general insurance businesses. Earlier roles include CFO of Great Eastern Singapore and Deputy Director of the Monetary Authority of Singapore.
He has held a number of industry leadership positions, including Distinguished Fellow of the Institute of Banking and Finance, and President of the Life Insurance Association of Singapore. He holds a BSc and PhD degrees from the University of Kent.
He replaces Mr Naveed Irshad, who was appointed Head, North America Legacy Business – a dedicated senior leadership role with direct responsibility for Manulife’s closed legacy businesses in North America. Mr. Irshad has had a highly successful 20 year career with Manulife, including extensive life insurance, product risk and reinsurance experience. Under his leadership the Singapore business has grown significantly, becoming Manulife’s third largest market in Asia.