Kamaludin Ahmad appointed CEO of Maybank Ageas

KUALA LUMPUR: Malayan Banking Bhd (Maybank) group has appointed Kamaludin Ahmad as the chief executive officer (CEO) of Maybank Ageas Holdings Bhd.
His appointment includes CEO of Etiqa Insurance Bhd and Etiqa Takaful Bhd and they took effect on Dec 1.
Maybank said Kamaludin, 46, would oversee the entire insurance and takaful business of the Maybank group. Etiqa has total assets of RM25.5bil.
As the CEO of Maybank Ageas, he helms a company of 2,200 employees and will lead the growth and expansion of Etiqa locally and internationally.
Kamaludin was the acting CEO of Etiqa Insurance and Etiqa Takaful before this appointment. He joined the group as CEO of Etiqa Insurance and head of general business in June 2012, bringing with him more than 20 years of experience in the financial industry.
Prior to that, Kamaludin held several key management positions in AIG Malaysia Insurance Bhd and AIG Asia Pacific Insurance Pte Ltd. He was head of corporate finance, strategy and performance of UEM Group Bhd prior to joining Etiqa.
Kamaludin holds a Bachelor of Science (Hons) from University of Kent, Canterbury, England and is a member of Institute of Actuaries, England since 1991.
Maybank Ageas Holdings chairman Datuk Salleh Harun said Kamaludin’s extensive experience and wealth of knowledge would help Etiqa further entrench its leadership position domestically as well as emerge as a regional player.
Maybank president and CEO Datuk Abdul Farid Alias said he was confident that Kamaludin would maintain the momentum of the Etiqa’s growth particularly in achieving the Group’s strategic objectives for it to become a sustainable champion for insurance and takaful.