<article>A Grab-Singtel joint venture has roped in former Citigroup executive Charles Wong as its senior managing director while AIA Singapore has named Wong Sze Keed as its new CEO.</article>

A Grab-Singtel joint venture has roped in former Citigroup executive Charles Wong as its senior managing director while AIA Singapore has named Wong Sze Keed as its new CEO.
<h3>Grab-Singtel joint venture hires Citigroup&#8217;s former retail banking head</h3>
A <a href="http://dealstreetasia.com/tag/Grab">Grab</a>&#8211;<a href="http://dealstreetasia.com/tag/Singtel">Singtel</a> joint venture, which is in the fray for a digital banking licence in Singapore, has hired Charles Wong as its senior managing director, Bloomberg reported.
Wong joins the JV from Citigroup where he was the former retail banking head in Singapore since September 2015. He previously held senior positions in the bank&#8217;s bancassurance and wealth management divisions.
Grab owns a 60 per cent stake in the JV, while Singtel holds the remaining 40 per cent.
In January, Grab and Singtel had applied for a full digital banking licence in Singapore. According to a statement, the duo aims to cater to the needs of digital-first consumers who expect greater convenience of personalisation.
Securing a digital bank licence also pushes Grab closer to its super app ambitions as it seeks to be a regional fintech player in Southeast Asia.
<h3>AIA Singapore names new CEO</h3>
AIA Singapore has named Wong Sze Keed as its new CEO, with effect from 1 July 2020, according to a statement.
In this new role, she will report to Tan Hak Leh, Regional Chief Executive of AIA Group.
Sze Keed will succeed Patrick Teow, who has decided to take a career break after seven years with AIA and more than 35 years in the life insurance industry.
Sze Keed joined AIA in 2013 and has more than 27 years of experience working in Singapore’s financial services industry, the statement said.
&#8220;Sze Keed has deep experience of the Singaporean life insurance market and she has a superb track record of delivery and execution. I am confident that under her leadership AIA Singapore will realise its full potential,&#8221; said Tan.
AIA Group Limited and its subsidiaries comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific.
The insurance company had total assets of $284 billion as of 31 December 2019.

A Grab-Singtel JV has roped in former Citigroup executive Charles Wong as its senior managing director while AIA Singapore has named Wong Sze Keed as its new CEO.

People Digest: Grab-Singtel JV hires former Citi exec; AIA names new SG CEO

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People Digest: Grab-Singtel JV hires former Citi exec; AIA names new SG CEO

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