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TMCNet:  Kamaludin appointed CEO of Maybank Ageas [Business Times (Malaysia)]

[December 04, 2013]

Kamaludin appointed CEO of Maybank Ageas [Business Times (Malaysia)]

(Business Times (Malaysia) Via Acquire Media NewsEdge) KUALA LUMPUR: Kamaludin Ahmad has been appointed chief executive officer (CEO) of Maybank Ageas Holdings Bhd, including Etiqa Insurance Bhd and Etiqa Takaful Bhd, effective December 1.

Kamaludin, 46, will oversee the entire insurance and takaful business of the Maybank group.

He helms a company of 2,200 employees and will lead the growth and expansion of Etiqa locally and internationally.

He has been acting CEO of both Etiqa entities since March this year.

Kamaludin joined the Maybank group as CEO of Etiqa Insurance Bhd and head of general business in June 2012, bringing with him more than 20 years of experience in the financial industry.

Prior to that, Kamaludin, who holds a Bachelor of Science (Hons) from University of Kent, Canterbury, England, held several key management positions in AIG Malaysia Insurance Bhd and AIG Asia Pacific Insurance Pte Ltd.

He was head of corporate finance, strategy and performance of UEM Group Bhd prior to joining Etiqa and has been a member of Institute of Actuaries, England, since 1991.

Maybank Ageas chairman Datuk Salleh Harun said Kamaludin's extensive experience and wealth of knowledge will help Etiqa further entrench its leadership position domestically as well as emerge as a regional player.

Maybank president and CEO Datuk Abdul Farid Alias said he is confident that Kamaludin will maintain the momentum of Etiqa's growth, particularly in achieving the group's objective in becoming a sustainable champion for insurance and takaful.

Etiqa has RM25.5 billion in total assets.

It is a multi-channel distributor of insurance and takaful products via 33 insurance and takaful branches, more than 400 Maybank branches, ATMs and other third-party banks, providing accessibility and convenience to customers.

(c) 2013 The New Straits Times Press (Malaysia) Berhad. All rights reserved. Provided by, an company

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