Insurer Prudential Singapore has named a new boss following the sudden and immediate departure of Mr Tomas Urbanec.
Mr Philip Seah took over Mr Urbanec's position on Thursday - an appointment that is subject to regulatory approval.
The Straits Times understands that the appointment was announced internally on Thursday.
A Prudential spokesman said yesterday that "we do not discuss personnel matters due to privacy reasons" when asked about the sudden departure of Mr Urbanec. He was appointed in January 2013.
His predecessor, Mr Kevin Holmgren, stepped down after helming the company for two years, and announced plans to move back home to the United States.
Mr Urbanec joined Prudential Corporation Asia in 2008 as its regional director of integrated distribution and customer strategy. A year later, he moved to Singapore.
Mr Seah, 60, who has a wealth of experience in the industry, joined Prudential Singapore in 1978 as a part-time agent while working as a steward.
The Singaporean was appointed to lead the agency force in 1990 and moved up the ranks to become Prudential Singapore chief executive in 2006. He was named regional chief agency officer at Prudential Corporation Asia in 2010, before becoming Prudential Malaysia chief executive in 2012.
Mr Seah is married and has four children and a grandchild.
On the latest appointment, Prudential said: "We believe Philip Seah is the right person for this important role. He is dedicated to the business, and he possesses extensive leadership skills and business experience."