Charles Monat Associates (CMA) has announced several changes to its global leadership, as the company refocuses its growth strategy.
The international life insurance broker has appointed Berry Wong to the newly created role of CEO of Asia-Pacific. This is in response to what the company described as “extraordinary” growth opportunities in the region, driven by rapidly increasing wealth.
Wong previously served as CEO of Hong Kong, where he oversaw revenue growth of 300% in the last four years. He will be responsible for overseeing operations in Mainland China, Hong Kong, Malaysia, and Singapore.
Nikki Koh has been named CEO of Singapore, succeeding Martin Wong, who was promoted to group chief business development officer. Koh, who has over 25 years of insurance and banking experience, will also drive the development of an emerging-market roadmap across South-East Asia. In addition to his new leadership responsibilities, he will continue to serve as group chief commercial officer.
Ahead of its international expansion efforts, CMA has established a global advisory council to promote closer cooperation between its Asia-Pacific, Europe, Middle East and Americas markets. The council will report to CMA's group executive committee and is tasked with developing a blueprint to navigate the opportunities and challenges posed by the rapidly shifting landscape of global wealth.
“The changes we have announced today signify a new and exciting chapter for Charles Monat Associates,” said Yves Guélat (pictured), group CEO of CMA. “These moves are testament to the strength and vision of our team, and position us to capitalise on the significant global opportunities ahead of us.
“Over the last few years, a new, highly-competitive wealth planning ecosystem has been emerging. COVID-19 has accelerated the pace of this change as the entire world was brought to a standstill, with borders closing and travel restricted. The uncertainty has highlighted the importance of succession planning, while reaffirming the need for wealth consultants to be nimble and agile to adapt to the fast-moving environment and bridge their capabilities globally. Today's announcement puts us in a unique position to do this, as we aim to get closer to our clients and partners, become the world's most 'global broker' and continue to build our legacy and the legacies of our clients.”
