Regional Director, ALM, Investments and Capital Management

Capital Management
Hong Kong

Our organization

Ageas is a listed international insurance Group with a heritage spanning almost 200 years.

It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow.

As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up a major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors.

Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 45,000 people and reported annual inflows close to EUR 36 billion in 2020 (all figures at 100%).

Your function

The Regional Director, ALM, Investments and Capital Management (‘AIC’), Asia will be directly responsible to the CFO of Ageas Asia.

He/she is responsible for establishing and maintaining an adequate AIC framework and oversight on AIC activities in Asia, which is compliant with Ageas’ requirements.

He/she will stand ready to act as liaison officer regarding the corporate finance aspect for specific M&A activities and other corporate actions in the region as well as for all capital management related initiatives related to corporate actions and or M&A.

In fact, as such he/she is in fact overseeing the development in the following domains:

  • ALM

  • Investments

  • Capital management (including Free Capital Generation)

He/she will, in close cooperation with the Ageas representatives in the operating companies (Ageas’ assignees) and the CFO Asia:

  • Interact with HO in order to contribute to the development of blueprints, policies, guidelines and procedures regarding AIC matters, aiming at achieving a best practice status on an international scale and once established, support the transfer of the methodologies of Ageas into the insurance joint ventures and Ageas fully owned subsidiaries in Asia and s/he follows up whether the current practices and policies in the joint ventures are aligned with the Ageas’ principles, taking into account the different market circumstances.

  • Establish an AIC repository for the region based on Ageas guidelines and best practices in the region and organise the dissemination of best practices throughout the region and the group. (Knowledge broker)

  • Analyzing the gaps vs these blueprints and repository, across the region and prepare action plans together with the operating companies to resolve them.

  • Occasionally, provide implementation support where required and requested.

  • Organize the regional reporting cycles related to these various domains towards HO, RO and provide feedback to the respective operating companies

  • Manage the AIC team in RO and the relationships across the region with the various Ageas assignees in the operating companies to ensure his effectiveness

  • Provide support to the team members of Commercial Development & Support Asia in the assessment and execution of Business Development opportunities in the region

Your key deliverables:

  • Organise exchange of information and best practices throughout the region

  • Deliver support for initiatives/projects, determined by the reporting units, where transfer of knowledge, experiences, products, software, from Ageas is required

  • Deliver support to the Asia Manco with a special focus on (1) building business cases in collaboration with the Chief Commercial Officer, (2) due diligence and (3) funding

  • Prepare strategic documents on Insurance Asia to support discussions at the Ageas Insurance Management Committee with specific focus on AIC Activities

  • Occasionally, prepare supporting documents for discussions with rating agencies

  • Organise Regional AIC related Conferences

Your profile

  • MBA or equivalent

  • Professional qualification(s) including CFA, FRM, PRM

  • Master’s in Financial Engineering is an advantage

  • Actuarial science knowledge including FIA, FSA qualifications is an advantage

  • Needs to be an experienced professional in the areas of Investment Management in various asset classes, ALM for life and non-life businesses, capital management with some background in corporate finance or investment banking activities. Understanding of Free-capital generation is not necessary but will be useful

  • Expected to have 10 to 15 years of (international) experience in terms of both breadth and depth to cover all major areas mentioned in the previous bullet point. Asia experience critical in order to deliver on partnership requirements

  • Should have experience working in an international environment

  • Must have had operating company experience at a senior level; must have had responsibility of managing money in a life insurance company; Must stand ready to take up a senior (financial) management position at an operating company in Asia in the future.

  • Must have the required personal skills to coach and lead a team of highly educated people. Influence skill set a requirement.

  • Must have understanding of all aspects of the Investment Management function (front-middle-back-office), and financial operations required for ALM reporting

We offer

Ageas values your talent and knows how to reward it. We offer you an attractive salary and fringe benefits. You will work in a stimulating international environment, with numerous

opportunities for personal development. You will work independently within a global dynamic team in agile ways (start-up spirit).


Please send your resume to HR Recruit (Asia) by email to [email protected]