AIA Group in March 2017 announced that its CEO and President, Mark Tucker, will retire from his executive positions with the company and its subsidiaries. Tucker will become non-executive Group Chairman of HSBC Holdings, and Ng Keng Hooi will take over for Tucker at AIA as of 1 September, 2017.

Hooi, 62, who joined AIA in 2010 and is currently their regional executive, was previously CEO of Great Eastern Holdings. He has over 37 years of experience in the Asian life insurance industry, and is also director of various companies within AIA Group, including its two largest operating entities, AIA Company, and AIA International.