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<Research>CLSA Expects Yu Hong's Appointment to Help AIA China Accelerate Expansion
Recommend 27 Positive 42 Negative 23 |
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AIA (01299.HK) announced that Fisher Zhang, CEO of AIA China, was appointed as Regional Chief Executive. Yu Hong, former CEO of Ping An Life, will take over the role of AIA China CEO. This is the second time that AIA has had a senior appointment from former Ping An management, following the appointment of Lee Yuan Siong (the then co-CEO of Ping An Group) as AIA group CEO in 2020. CLSA saw this as a positive step as Yu should be able to help accelerate AIA China's expansion with his valuable experience in running China's second largest life insurer. Therefore, the broker rated AIA at Outperform. AAStocks Financial News |
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