Comments from MAS on AIA's Change in Singapore Leadership
Comments from MAS on AIA's Change in Singapore Leadership:
"MAS has been notified that there has been a change of Principal Officer in AIA Singapore. Mr Mark O'Dell, Executive Vice President and General Manager, has resigned from the company and has taken leave of absence with immediate effect. There are no other changes in AIA Singapore's management team. In the interim, Mr Kenneth Juneau, Executive Vice President and Senior Regional Life Executive of AIA's regional office, will assume leadership responsibilities with effect from 19 September 2008 and MAS expects a smooth transition.
MAS' regulatory oversight of AIA and all insurers in Singapore is rigorous. We are satisfied with the ability of the company to carry on business as usual and to meet new demands even when there are any changes in management.