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MetLife Marks New Milestone In Korea With Key Appointment

KUALA LUMPUR, July 16 (Bernama) -- After five years of successful leadership and 27 years of dedicated service, Jong Kim, has decided to step-aside from his current role as the Chief Executive Officer (CEO) and assume the role of Chairman, MetLife Korea, effective August 11, 2014.

Kim started his career with MetLife in California and came to Korea in 1989, said a statement issued Wednesday in Hong Kong by MetLife, Inc.

He is one of the founding members of MetLife's operation in Korea and was instrumental in shaping its success. Under his stewardship, MetLife Korea has grown to become the #1 foreign life insurer in Korea.

MetLife also announced that it has appointed Damien Green, formerly its Head of Employee Benefits, Asia, as the new CEO for MetLife Korea.

Green would be based in Seoul and will report directly to Christopher Townsend, MetLife's President for the Asia region, the statement said.

He has successfully developed an Asian region strategy and execution framework which is driving MetLife's strong growth in Employee Benefits in multiple markets across the region. He has also taken on additional responsibilities this year as interim CEO of MetLife Australia and has driven transformation in that business.

"We fully support Jong Kim's decision to step-aside and would like to pay special thanks to him for his leadership and outstanding contribution in growing the MetLife Korea business," said Townsend.

"Korea is a key market for MetLife, and we recently celebrated our 25th anniversary of doing business here. Damien is highly respected in the insurance industry and he brings a wealth of strategic leadership acumen to the business. He is highly qualified to spearhead the next phase of growth for MetLife in Korea and advance our quest to deliver greater shareholder returns," he added.

-- BERNAMA




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