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Mr Ooi Say Teng, a Malaysian aged 60. He has more than 30 years of experience in the insurance industry as well as extensive management experience having held senior leadership positions with both local and global companies in Malaysia. A graduate with a Bachelor of Science (Honours) Degree in Actuarial Science from The City University, London and a Diploma in Actuarial Techniques from the Institute of Actuaries, London; his areas of expertise include actuarial, operations, reinsurance, bancassurance, corporate marketing, information technology and process improvement.
Mr Ooi began his career back in 1983 at MCIS Insurance Berhad, rising through the ranks to Assistant General Manager, Operations before moving on to MBA Life Assurance Berhad (now known as Allianz Life Insurance Berhad) as its Deputy General Manager, Operations. He then took on the role as Assistant General Manager of Mayban Life Assurance Berhad where his strong track record and leadership capability paved the way towards his Chief Executive Officer role in UniAsia Life Assurance Berhad in 2003. In 2010, he joined CIMB Bank Berhad as the Head of CIMB Group Insurance, in which he was instrumental in driving the development of the insurance business in Malaysia, Indonesia and Thailand.
In April 2013, Sun Life Financial, Inc. and Khazanah Nasional Berhad entered into a joint venture that led to the formation of Sun Life Malaysia Assurance Berhad and Mr.Ooi was appointed as Chief Executive Officer and Executive Director of Sun Life Malaysia Assurance Berhad. Following his departure from Sun Life Malaysia Assurance Berhad in 2017, Mr.Ooi was appointed as the Chief Executive Officer and Director of Avicennia Capital Sdn. Bhd. (a holding company of Sun Life Malaysia) in May 2017 until January 2020.
He had served as the Vice President of LIAM (Life Insurance Association of Malaysia) in 2009, sat on the Board of Directors for Tune Insurance Malaysia Berhad, Labuan Reinsurance (L) Ltd., Achibadem Sigorta Turkey and was the President Commissioner of CIMB Sun Life Indonesia and Deputy Chairman for Malaysia Life Reinsurance Berhad.
Mr. Ooi is also a Registered Financial Planner. In 2005, he attended the Global Leadership Development Programme (GLDP) conducted by International Centre For Leadership In Finance (ICLIF) and in 2010, he attended the Financial Institutions Director’s Education Programme organised by Bank Negara Malaysia and Perbadanan Insurans Deposit Malaysia. He has no conflict of interest with the Company and has no prior convictions for any offences within the past ten years.