AIA Hong Kong & Macau CEO Peter Crewe to retire; Alger Fung named successor

AIA Hong Kong & Macau has announced that CEO Peter Crewe will retire, effective 31 December 2020. Crewe has been CEO of AIA since June 2017, following a career of senior regional and country management roles that covered the entire APAC market. Crewe will remain a senior advisor to AIA group, and continue to contribute his expertise to future strategic initiatives.

"It has been a privilege for me to work with the best people and enjoy a career, spanning diversified businesses and geographic markets, with such an exceptional company for almost three decades. I shall miss this very important chapter in my life and I have confidence that the AIA Hong Kong and Macau team will continue to thrive, providing the best services to our customers while contributing to the community we operate," said Crewe.

The company has also named a successor. AIA Thailand CEO Alger Fung will take over for Crewe from 1 January 2021, subject to regulatory approval. Fung is a Hong Kong native who has brought significant growth to AIA Thailand since being appointed CEO in May 2019. Fung is also credited with strengthening AIA Thailand's partnership with Bangkok Bank, achieving growth in business and productivity.

“I am very confident that Fung will lead AIA Hong Kong and Macau to new levels of growth. Fung has a strong track record of success that reflects his collaborative leadership style. I am delighted that he will succeed Crewe as CEO of AIA Hong Kong and Macau," said Jacky Chan, regional chief executive of AIA Group.

"On behalf of everyone at AIA, I would like to thank him for his leadership and commitment to developing our people and businesses throughout his long and outstanding career."

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