Friends Provident gets new chairman and CEO

Singapore

INSURANCE giant Aviva has tapped two of its own to take over as the new chairman and chief executive officer of its freshly bought subsidiary Friends Provident International (FPI), following its £5.6 billion (S$11.7 billion) merger with rival insurer Friends Life Group earlier this year.

Chris Wei, who is Aviva's CEO of global life insurance and chairman of Aviva's Asia arm, will also become FPI's new chairman, FPI said in a press release on Tuesday. Its new CEO will be Khor Hock Seng, who has been CEO of Aviva Asia since 2013. Both of the new appointments take effect on July 1 and will be extensions of Mr Wei's and Mr Khor's responsibilities at Aviva, FPI add…