People Digest: JG Summit names new CFO; Chubb appoints COO in HK

Visual from Francisco Del Mundo's LinkedIn page.

Philippine conglomerate JG Summit Holdings Inc has appointed Francisco Del Mundo as its new chief financial officer, while US-based property and casualty insurance company Chubb has named Cunqiang Li as chief operating officer of the company’s international life insurance division based in Hong Kong.

Philippines: JG Summit Holdings names new CFO

Diversified conglomerate JG Summit Holdings Inc (JGSH) has appointed  Francisco “Pancho” Del Mundo as its new chief financial officer.

The company likewise announced the promotions of Bach Johann Sebastian from senior VP to senior VP and chief strategist, and Aldrich Javellana from VP and treasurer to senior VP and treasurer.

Based on Del Mundo’s LinkedIn profile, his career in finance extends to two decades. He first joined JG Summit in July 2013 as its VP of shared services, and at the same time as CFO (internal division) of the conglomerate’s consumer food and beverage product company Universal Robina Corp (URC).

Prior to joining JG Summit, Del Mundo held CEO, CFO and other executive positions in the Coca-Cola Company based in the Philippines for almost four years. He had a 16-year stint with Procter & Gamble where he did managerial and finance positions.

Del Mundo earned a BS, Business Administration degree at the University of the Philippines in 1992.

 

Hong Kong: Chubb appoints new COO for international life insurance division

US-based publicly traded property and casualty insurance company Chubb has named Cunqiang Li as its new chief operating officer of Chubb Life, the company’s international life insurance division based in Hong Kong.

Chubb made the disclosure on Wednesday, October 4, in its announcement of management appointments for its global life and general insurance operations.

Li is the current chairman and CEO of Huatai Life, a joint venture between Chubb and the Huatai Insurance Group in China. He will be based in Hong Kong and will focus on leading the day-to-day operations of Chubb Life’s Asian life insurance entities, in addition to continuing to provide governance oversight to the operations of Huatai Life.

 

Also Read:

Japan’s Nippon Life in talks to buy minority stake in TCW

Australia’s CBA to sell life insurance unit to AIA Group for $3.05b