Ageas strengthens the business focus in the Executive Committee with the roles of Managing Director Asia and Managing Directo...
30 Oktober 2020 - 5:40PM
Ageas strengthens the business focus in the Executive Committee
with the roles of Managing Director Asia and Managing Director
Europe
As of 1 November 2020, Filip Coremans,
currently Chief Development Officer (CDO), will be appointed as
Managing Director Asia (MD Asia) and Antonio Cano, currently Chief
Operating Officer (COO), as Managing Director Europe (MD Europe).
These functions reflect the growing importance of a dedicated
regional focus for the Group and respond to the different
challenges and opportunities between the regions. The
responsibilities of Christophe Boizard as Chief Financial Officer
and Emmanuel Van Grimbergen as Chief Risk Officer within the
Executive Committee (Exco) remain unchanged.
Role of Managing Director Asia
Today, Ageas is present in 9 Asian countries and
the region enjoys fast growing inflows. Given the size of the
future opportunities and the breadth of the Group’s coverage in
Asia, its importance will most probably continue to grow, resulting
in a new economic balance between the Group’s Asian and European
activities. In this context, the appointment of Filip Coremans
as MD Asia will provide additional Exco-level management support in
Asia. The function of MD Asia also includes transversal
responsibilities for Business and Technology Development,
strengthening the focus on smart synergies within the Ageas Group
and stimulating more knowledge sharing across the Group and with
its partners.
Role of Managing Director Europe
Europe remains core to Ageas with 3 important
home markets, Belgium, UK, and Portugal, and steadily growing
inflows with different challenges in different markets. These
challenges require dedicated management attention, a role that will
be taken up by Antonio Cano as Ageas’s MD Europe. As in Asia,
ensuring the Group stays close to the business and responds to the
growing importance of a local approach and the evolving situation
in all 5 countries (UK, Belgium, Portugal, Turkey and France), will
be key. The function of MD Europe also includes the transversal
responsibilities for Reinsurance and Real Estate.
Commenting on the new appointments, CEO Hans
De Cuyper said:
“The appointment of two regional Managing
Directors allows us to strengthen our business oversight, engage
our partners and stay close to the local business, elevating the
importance of our core business to the level of the Executive
Committee. The organisational changes will also allow us to further
build the equity story behind our business model, to create further
momentum from the strong synergies within the Group, whilst
positioning other business lines such as Real Estate and
Reinsurance within a geographic structure that allows them to
thrive. With this reorganisation, our Executive Committee is fully
equipped to take up the future challenges and opportunities that
lie ahead of us.”
An overview of the members of the Executive
Committee can be found on our website.
Ageas is a listed international insurance
Group with a heritage spanning almost 200 years. It offers Retail
and Business customers Life and Non-Life insurance products
designed to suit their specific needs, today and tomorrow. As one
of Europe's larger insurance companies, Ageas concentrates its
activities in Europe and Asia, which together make up the major
part of the global insurance market. It operates successful
insurance businesses in Belgium, the UK, France, Portugal, Turkey,
China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia,
Singapore, and the Philippines through a combination of wholly
owned subsidiaries and long term partnerships with strong financial
institutions and key distributors. Ageas ranks among the market
leaders in the countries in which it operates. It represents a
staff force of over 45,000 people and reported annual inflows of
over EUR 36 billion in 2019 (all figures at 100%).
- PDF version of the press release
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