Stephen Clark has been appointed as the chief executive officer of Zurich Life Insurance Malaysia Bhd (ZLIMB), with effect from Oct 1, 2018.
KUALA LUMPUR: A veteran in the insurance industry, Stephen Clark has been appointed as the chief executive officer of Zurich Life Insurance Malaysia Bhd (ZLIMB), with effect from Oct 1, 2018.
A statement issued on Thursday said Zurich Insurance (Zurich) appointed him to the post, succeeding Philip Smith, who will be leaving ZLIMB at end-September.
Clark will report to the ZLIMB board of directors as well as Jack Howell, Zurich’s CEO for Asia Pacific (APAC).
A veteran with almost 30 years of experience, he has a proven track record in driving business growth and developing strong distribution channels.
Originally from South Africa, he has been in APAC for almost 20 years, having worked in Vietnam, Hong Kong, and the Philippines.
Prior to Zurich, Clark has held the role of CEO for Prudential in Vietnam as well as AIA in Vietnam and the Philippines. His extensive experience spans across sales and distribution, bancassurance, general management, regulatory management as well as governance.
Howell said Clark has a deep understanding of the local markets and a natural ability to build long lasting relationships with distribution partners.
“We have strong ambitions for Malaysia, which is an important market in the Zurich’s APAC strategy. We are excited about Malaysia as its fundamentals are strong – promising economic prospects, sizeable middle class, and a young and under-insured population.
“I am confident that with Steve on board, we will be able to expand our business, strengthen our distribution and drive customer engagement,” he said.
As for Clark, he was excited to be taking on this new challenge. Zurich has a great brand, talented people and global network.
“I look forward to building on those strengths and creating a superior proposition for customers in Malaysia,” he said.
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