AIA Life in Korea announces new board chairman, CEO

Fisher Zhang, chairman and nonexecutive director of the board of AIA Life / Courtesy of AIA Life

AIA Life in Korea has appointed Fisher Zhang as chairman and nonexecutive director of its board, while reappointing Nathan Chuang as CEO, the company said Monday.

At a shareholder meeting held Friday at AIA Tower in central Seoul, a resolution was passed to reappoint Chuang as CEO, while Chairman Zhang's appointment has been effective since June 9.

Zhang's appointment to the board of AIA Life in Korea comes after AIA Group named him regional chief executive for Korea, Mainland China and Vietnam.

Zhang previously served as CEO of AIA China from 2017 until his promotion to regional chief executive and group executive committee member in November 2024. Under his leadership, AIA China grew to become one of the group's largest market operations.

Since joining AIA in 2000, Zhang has held several senior management roles in China, including chief distribution officer, chief agency officer and chief marketing officer.

Nathan Chuang, CEO of AIA Life / Courtesy of AIA Life

Meanwhile, following his reappointment, Chuang will continue to lead AIA Life for another three-year term.

Prior to becoming CEO in 2022, he held senior leadership positions at AIA Group and AIA Hong Kong & Macau, including serving as group director of financial management and planning under the group chief financial officer.

Since 2022, Chuang has driven high-quality and sustainable growth at AIA Life by strengthening its multichannel distribution and developing innovative customer offerings.

Under his leadership, the company launched AIA Premier Partners, a wholly owned general agency subsidiary, expanded its portfolio of life and health insurance products, and introduced new digital services for customers.

"These appointments demonstrate AIA Group's commitment to AIA Life in Korea. AIA Life and its subsidiaries will continue to execute their long-term strategic vision and strive to realize their purpose of helping people in Korea live healthier, longer, better lives," an AIA Life official said.