Avicennia Capital Sdn Bhd ('Avicennia Capital') and Sun Life Malaysia today announced the appointment of new CEOs at their respective companies. Avicennia Capital has appointed Mr Ooi Say Teng as CEO, while Sun Life Malaysia Assurance Berhad ('Sun Life Malaysia') has appointed Mr Raymond Lew Yung Chow as CEO & President. Mr Lew will also take on the role of Country Head, overseeing the insurance businesses of Sun Life in Malaysia.
Mr Ooi joins Avicennia Capital from Sun Life Malaysia where he was previously the CEO, while Mr Lew takes on the CEO position at Sun Life Malaysia where he was previously the Deputy CEO. Both appointments are effective immediately from 1 May 2017.
This leadership change highlights both Avicenncia Capital and Sun Life Financial’s ongoing focus on developing its people.
Avicennia Capital has a strategic investment in Sun Life Malaysia and Sun Life Malaysia Takaful via a 49% stake in these companies, acquired in April 2013. Avicennia’s investment strategy targets leading insurance companies that have reached, or are reaching, critical mass and show sustainable growth trajectories with potential investment returns.