AmMetLife appoints new CEO

The chief financial officer of Malaysia’s AmMetLife Insurance Berhad will be elevated to the role of chief executive officer next month, according to a recent report.

New Straits Times reported that AmMetLife CFO Lee Jiau Jiunn will be replacing outgoing CEO Ramzi Toubassy, who was recently appointed president and CEO of AIG Korea. 

Read more: MetLife to boost Malaysia footprint with new centre of excellence

An insurance veteran, Lee spent almost a decade and a half with AIA in Malaysia and Taiwan before joining AmMetLife, which is a joint venture between Malaysia’s AmBank Group and global insurance giant MetLife. He also held actuarial positions in both Malaysia and New Zealand.

Lee is a graduate of the University of Canterbury in New Zealand and is a fellow of both the Institute of Actuaries in the UK and the Actuarial Society of Malaysia.

“With his deep knowledge of the company and extensive experience in the industry, Lee is the right executive to continue to lead AmMetLife’s transformation into a company that is continually innovating to meet customer expectations,” said Elena Butarova, regional head of Bangladesh, Malaysia, Nepal, and Vietnam at Metlife, told New Straits Times.