KUALA LUMPUR: AIA Bhd has appointed Heng Zee Wang as chief executive officer (CEO) effective Oct 30, 2025.
In a statement today, the takaful and insurance company said Heng will report to AIA Group regional chief executive Tan Hak Leh.
"Heng succeeds Ben Ng, who had assumed the role of group chief risk officer designate in AIA, based in Hong Kong. Ng will assume the role of group chief risk officer from Jan 1, 2026, subject to regulatory approvals,” the statement said.
"As CEO, Heng will lead AIA’s life insurance and other business entities in Malaysia by strengthening its position as a market leader and driving the company’s continued expansion and transformation in the country,” it said.
Tan said Heng’s expertise across actuarial, marketing, healthcare and distribution, combined with his proven leadership and track record of innovation, makes him the ideal choice to lead AIA into its next phase of growth.
"I am confident that under Heng’s leadership, AIA will continue to strengthen its position in Malaysia and deliver even greater value to its customers,” he said.
Heng said he is honoured to assume the position of CEO and will continue to build on AIA’s strong foundation.
"AIA Malaysia is a significant contributor to the AIA Group. With the support of our people and partners, I look forward to staying true to our purpose of helping many more Malaysians live healthier, longer, better lives,” he said.
Heng joined AIA in 2012. He was instrumental in driving the company’s growth in Malaysia.
The statement said he played a pivotal role in the successful integration of ING Malaysia following its acquisition in 2012 and was deputy general manager of finance and actuarial from 2014.
In 2018, he was appointed chief marketing officer. He led the launch of innovative propositions such as total health solutions and drove the adoption of AIA Vitality, positioning AIA as a leader in holistic wellbeing, said AIA.
In 2024, he was appointed chief healthcare officer and spearheaded AIA’s integrated healthcare strategy in Malaysia, transforming the medical and health business for long-term sustainability.
"His leadership has strengthened partnerships with providers and advanced healthcare administration,” AIA said.
Heng has 30 years of experience working across functions and markets, including Singapore, the United Kingdom (UK), Hong Kong and South Korea.
He holds a Bachelor of Science (Hons) in Actuarial Science and is a Fellow of the Institute and Faculty of Actuaries, UK. - Bernama
