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

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.