Lockton has appointed Nicholas Lee as CEO Designate of Malaysia and Jaideep (Jay) Sharma as CEO of India, the global broker announced on Tuesday.
Lee takes over from Mohamed Yahya Ibrahim, who moves to a special advisor role at Lockton Sime.
He returns to Lockton from Moody’s Analytics, where he was the APAC head of client coverage for insurance solutions. In addition to his previous stint at Lockton Singapore, Lee’s experience includes the founding of a consultancy focused on emerging risks, strategic growth, and insurance transformation.
He brings more than 20 years of experience across broking, analytics, catastrophe modelling, bancassurance, and consulting, having worked in Malaysia, Australia, and Singapore.
In India, Mumbai-based Sharma takes up the role of CEO, subject to regulatory approval, while continuing as regional head of specialties for Lockton Asia.
He succeeds Dr Sandeep Dadia, who helped establish the India business in 2024, and has transitioned to non-executive officer of Lockton India.
Sharma brings experience in specialties, facultative reinsurance, and talent development. He began his career at Marsh Aviation and later became CEO of Marsh Saudi Arabia. Moving to Aon, he then served as market leader for Connecticut, overseeing a 250-person operation.
Commenting on the appointments, Tony Hardy, CEO of Lockton Asia, said: “Nick and Jay represent the very best of our industry — leaders with deep expertise, global perspective, and an uncompromising commitment to putting clients first.”
The senior appointments follow a series of key regional appointments so far this year, including Livy Dai as CEO for China, Renuka Nar as director – head of life and health reinsurance for India, and Benjamin Fuente as head of aviation for Asia.
