Aviva Asia (“Aviva”) is pleased to announce the appointment of Trang Nguyen Ngoc as General Director of VietinBank Aviva, with immediate effect. Trang, who will oversee Aviva’s partnership with VietinBank, will be responsible for strengthening VietinBank Aviva’s business strategies and developing its multi-channel distribution model.
Prior to joining VietinBank Aviva, Trang worked at Manulife firstly in Hong Kong before becoming Chief Financial Officer of Manulife Vietnam in 2010.
Commenting on Trang’s appointment, Khor Hock Seng, Aviva Asia CEO, said: “We are delighted to have someone of Trang’s calibre joining VietinBank Aviva. She brings a wealth of insurance and product development experience and has deep local market and cultural knowledge that will be valuable as we look to build our business in Vietnam.
“Trang’s appointment reaffirms our commitment to Vietnam, which is an exciting market for Aviva. I am confident that her natural leadership skills and financial acumen will enable VietinBank Aviva to capture significant opportunities as demand for life insurance products in Vietnam rapidly increases, resulting from the country’s growing population and emerging wealth.
Trang said: “I am thrilled to join VietinBank Aviva. The business is entering a new development phase and I look forward to working with our teams and partner to tap the opportunities in this fast-growing market, and especially in the bancassurance sector. Through our strong and exclusive partnership with VietinBank, we will strive to deliver industry leading products that best meet the diverse needs of customers.”
Launched in October 2011, VietinBank Aviva combines two leading financial institutions, VietinBank and Aviva, in a 50:50 joint venture to offer life insurance products and services to its customers. VietinBank is one of the leading banks in Vietnam, with a strong SME and corporate customer base and distribution network. Aviva and VietinBank have signed a 50 year exclusive partnership that will offer Aviva’s product line to the bank’s customers.
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About Aviva
- Aviva provides 34 million customers with insurance, savings and investment products.
- We are the UK’s largest insurer and one of Europe’s leading providers of life and general insurance.
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About Aviva Asia
- Aviva operates in eight markets in Asia (China, Hong Kong, India, Indonesia, Singapore, South Korea, Taiwan, and Vietnam).
- In China, we have presence in 12 provinces through our 50% joint venture with COFCO Ltd (the largest oil and food importer and exporter in China). We have over 55 branches and operate through a multi-distribution model, with key strengths in agency and direct, offering a diversified life insurance product range and asset management expertise. Read more about our long history in China.
- We have operated in Hong Kong for more than 150 years. Our business (a wholly owned subsidiary) is channeled through Bancassurance, IFA and we have an agency force. We have a preferred relationship with DBS for Bancassurance and a strong focus on unit-linked investment products. Read more about our history
- In India, we own a 26% stake in Aviva Life Insurance Company India (our joint venture with Dabur Group, an Indian consumer goods conglomerate). We have a wide distribution network of 121 branches spreading across nearly 1,000 towns and cities, as well as a strong Bancassurance presence and a market leading position in the growing online channel. We offer traditional, unit linked and group products. Read more about our history
- In Indonesia, we own a 60% stake in PT Asuransi Aviva Indonesia (our joint venture with Wahana Tata, an Indonesian General Insurance provider). We have a strong focus on Group health products and are within the top 5 for employee benefits products. We also operate in the life insurance market.
- In Singapore, through our wholly owned subsidiary, we are a top five life and health insurer and are the leading provider of on-line motor insurance. In life and health we operate a multi-distribution model and are ranked second in the IFA channel and third in bancassurance through our preferred partnership with DBS. We offer a diversified product range and are a leading provider of group life & health products. Read more about our history
- In South Korea we own a 47% stake in Woori Aviva Life Insurance (our joint venture with state-owned Woori Finance Holdings Company Ltd.)
- In Taiwan we own a 49% stake in First-Aviva (partnering with First Financials Holding Co Ltd)
In Vietnam we operate through our 50% joint venture with VietinBank (the country’s largest commercial bank with a network of 149 branches and over 1,100 transaction offices across all cities and provinces). VietinBank Aviva was launched in October 2011 and currently provides endowment and term assurance products.