AIA shares rise in HK as investors welcome new CEO

Photo: Bloomberg

AIA Group Ltd. shares rose in Hong Kong trading as investors welcomed the appointment of a new chief executive officer, who is seen as well-placed to lead a faster expansion in China.

The stock jumped as much as 3.8% in early trading Monday, after industry veteran Lee Yuan Siong was named the next CEO, replacing Ng Keng Hooi. Lee joins from rival Ping An Insurance (Group) Co., where he was co-CEO and chief insurance business officer.

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