NTUC Income names new CEO

Local insurer NTUC Income has appointed a new chief: Mr Ken Ng, currently the senior vice president and general manager for the group's distribution unit.

Mr Ng, 44, takes over as chief executive of NTUC Income from October 1, replacing Mr Tan Suee Chieh.

Mr Ng joined NTUC Income in 2007 as its senior vice president, chief actuary and chief risk officer.

He has also held other appointments in the group, including general manager of its life insurance division.

Chairman of NTUC Income, Mr Ng Kee Choe, said the board of directors was unanimous in its selection of Mr Ng after an extensive search.

NTUC Income had announced in May that Mr Tan would leave to assume the role of group CEO for NTUC Enterprise.