Guo Ji Jin Rong Bao·2025-06-06 15:57Group 1 - AIA Group announced that its independent non-executive chairman and director, Mr. Shieh Shih-Rong, will retire on September 30, 2025, with former CEO Mr. Mark Tucker set to return as chairman, pending regulatory approval [1] - Mr. Shieh has over 60 years of service with AIA and its predecessor AIG, having held various leadership roles including chairman and CEO [1] - Mr. Tucker has over 40 years of experience in the financial services industry and previously served as CEO of Prudential UK and AIA [1][2] Group 2 - Mr. Tucker's return coincides with AIA's accelerated expansion in the Chinese market, which is expected to influence the company's future strategic direction [2] - AIA has been expanding its presence in mainland China, having established several new branches since 2020, including in Tianjin, Hebei, Sichuan, Hubei, and Henan [2] - As of 2024 Q4, AIA Life has received approval to establish additional branches in Anhui, Shandong, Chongqing, and Zhejiang, increasing its provincial branch count to 14 [2] Group 3 - In terms of performance, AIA's new business value increased by 18% to $4.712 billion in 2024, with annualized new premiums growing by 14% to $8.606 billion [3] - New business value in mainland China grew by 20%, with annualized new premiums increasing by 10% [3] - Following the announcement of Mr. Tucker's return, AIA's stock price rose over 3% to HKD 69, reaching a new high since October 2024 [3]