People Moves: Generali Hong Kong, Investors Trust, Zedra, AJ Bell
Generali Hong Kong
The Hong Kong outpost of Italy’s Generali Group insurance giant has announced four appointments it says are in line with its plans to grow its business in the region.
The four newly-appointed executives have all been drawn from within Generali’s ranks, and will oversee both life and property and casualty (P&C) activities in their respective “functional areas”, and will report directly to Cillin O’Flynn, chief executive for Generali Life Hong Kong Ltd, Generali said in a statement announcing their appointment.
The first of the four is Arsh Kaumi, chief finance officer, who has been named to lead the finance, planning, accounting and investment team for Generali Life and P&C. In his new role he will be responsible for financial performance, capital management, expense management and will contribute towards business growth of Generali in Hong Kong, Generali said. Arsh has been with Generali since 2009, and since 2013 has been regional head of financial reporting for Asia.
The second new hire for Generali Hong Kong is Cathy Lin, who has been hired as chief actuary, and who will lead “all actuarial aspects of valuation, reporting and reserving and pricing”, Generali said, with a mandate of ensuring a “proper framework and processes across [Generali’s] actuarial practice in Hong Kong”.
Lin first joined Generali in 2015 as appointed actuary and head of risk management, and has been approved as the company’s appointed actuary practicing in Hong Kong, China, Taiwan, Singapore and the Middle East.
Also promoted to a new role at Generali Hong Kong has been Jennifer Chan, whose new role there is head of marketing and communications. Chan came to Generali Asia in 2014, and has been working closely with the Generali Group and local entities “to launch important brand and communications initiatives across the businesses in Asia”, Generali said.
In her new role, Chan will be responsible for developing and driving Generali Hong Kong’s marketing and communications strategy in order to “raise awareness of the company’s brand profile across institutional and retail channels in Hong Kong”, focusing on customer experience and looking to make use of “innovative marketing initiatives, brand campaign and digital” channels, the company added.
The fourth new hire at Generali Hong Kong is Connie Yeung, who, as chief operating officer, has been tasked with re-defining the company’s operations strategy to transform its operating platform, and thus “maximizing efficiency across the Hong Kong business”, Generali said.
In addition to information technology and project management operations, she is also responsible in her new role for policy administration, claims and retail operations.
Yeung first joined Generali in 2014, as regional head of operations and business services, technology and operations.
Founded in 1831, the Generali Group today has a presence in more than 60 countries, employs more than 74,000, and in 2016 saw total premium income exceed €70bn. billion in 2016.
Investors Trust Assurance
Investors Trust Assurance, the Cayman Islands-based offshore insurance product provider active in Latin America, Asia Pacific and the EMEA region, has named James Savastano to its Dubai team, as senior sales manager for the EMEA market.
Savastano, pictured left, comes to Investors Trust from RL360°, a rival in the offshore insurance product market, where he had been regional sales manager for the ASEAN region, responsible for developing accounts and ensuring that the company’s service and products met consistently high standards, Investors Trust said in a statement.
At Investors Trust, he will be assisting head of distribution Phil Story to continue to grow the company’s Middle Eastern business.
Investors Trust has had a presence in Dubai since 2014, when it obtained its licence with the Dubai International Financial Centre. The company was founded in 2002.
In its statement, Investors Trust said it was continuing to be “on the lookout” for potential additional team members for its Gulf outpost.
Zedra, the corporate, trust and fund services provider that was created on 2016 from a majority share of the non-UK and offshore trust business of UK banking giant Barclays, has named Peter Cheesley client director of its 130-employee-strong Jersey operation. Zedra said the position was a newly-created one.
Cheesley, pictured left, comes to Zedra from Hawksford, where he has been the Jersey-based global head of business development for the past 18 months. Prior to this, he was head of business development and marketing for Nautilus Trust, also in Jersey. His almost 25 years’ of experience has seen him working in the banking, legal and fiduciary sectors in London as well as Jersey, for such other companies as Bank of Scotland, Clifford Chance, Pinsent Masons and Ogier.
In his new role, Cheesley will be responsible for overseeing the development of key business relationships as well as strengthening Zedra Jersey’s corporate services offering, and supporting its international clients. And although he will be based in Jersey, “he will collaborate closely with many of Zedra’s other offices, including London”, the company said in a statement announcing his appointment.
His brief will also include developing Zedra Jersey’s fund administration business, Zedra said.
Zedra currently has 14 offices around the world in 12 jurisdictions, including the Cayman Islands, Hong Kong, Isle of Man, Jersey, Luxembourg, Miami, Netherlands, New Zealand, Singapore, Switzerland and the UK. It is owned by a private independent investor group.
AJ Bell, the Manchester-based investment platform provider and stockbroker, said it has named Eamonn Flanagan to its board as non-executive director, as it prepares to list on the London Stock Exchange.
News of AJ Bell’s plans to list broke over the weekend, with the flotation expected to come towards the end of 2018 or early in 2019, as reported here yesterday.
Flanagan has been a director of Shore Capital Markets since its was launched in 2003, and is described by AJ Bell as a top-ranked analyst for mid-sized to smaller companies. He will continue to work with Shore Capital on an advisory basis alongside non-executive roles, AJ Bell said.
Prior to joining Shore Capital, Flanagan had been a director at Charterhouse Securities — which subsequently became ING Barings Securities — where he had been head of European insurance, AJ Bell said.
Among his accreditations are fellowships of the Institute of Actuaries and the Institute of Directors.
Flanagan’s appointment is subject to regulatory approval, AJ Bell said.