QBE Asia has appointed Siang Leng Tay as interim chief executive of wholesale markets Asia, the insurer announced on Tuesday. He fills the seat left by Ronak Shah, who is on gardening leave and is set to join MSIG Asia as regional CEO on 1 October.
Tay has been with the business for over seven years and has been serving as chief financial officer for Asia. Before joining the company, he had served as CFO at Allied World Assurance Company Limited.
QBE said that Tay has already assumed day-to-day responsibility for the wholesale markets division, reporting to QBE Asia CEO Rob Kosova. He will transition out of his CFO role during the interim period, the insurer added, with Andrew Chan, QBE’s current head of finance for Hong Kong, assuming the role of Interim CFO.
Tay has over 26 years of experience in finance and insurance, and previously also held leadership roles at RSA Insurance and FM Global. Earlier in his career, he served as assistant director for insurance supervision at the Monetary Authority of Singapore.
The announcement follows other recent leadership appointments made by QBE Asia, including Mandy Chan as head of operational power generation and ESG and Chai Guan Lim as head of distribution for Malaysia
