AboutShareholders & Board of Directors

Our Shareholders

We are backed by industry-recognised leaders, bringing the best of technology-led business success in support of Singlife’s long-term strategy

IPGL (Holdings) Limited

IPGL is a private holding company which focuses on partnering with experienced management teams to build fast growing businesses.

Over the past 20 years the group has had considerable success in building a range of financial services in the broking, fund management and insurance industries.

Sumitomo Life

Sumitomo Life, operating since 1907, is one of the largest life insurance companies in Japan and provides a wide range of insurance products to 7 million individual customers.

Sumitomo Life has a US-based insurance subsidiary called Symetra, and has also expanded its operations overseas through strategic investments in China, Vietnam and Indonesia.

Aflac Inc.

Aflac is principally involved in supplementary health & life insurance in the US and Japan. Aflac’s policies cover more than 50 million people worldwide and it provides voluntary insurance products to over 448,000 small businesses in the US. Aflac is the leading provider of medical & cancer insurance in Japan.

Aberdeen Standard Investments

Aberdeen provides asset management services through a global network of offices. It manages assets for both institutions and private investors, with US$736 billion of assets under management as of 30 June 2018.

Aberdeen merged with Standard Life in 2017 to create one of the largest active fund managers in Europe.

Board of Directors

Ray Ferguson

Ray Ferguson

Board Chairman

Ray is a renowned banker and board level leader with almost 20 years of CEO experience internationally.

Formerly CEO of Standard Chartered Singapore, and Regional CEO, South East Asia, he also served as Group Chief Banking Officer of Bank Arab Banking Corporation. Ray was awarded Distinguished Fellow by the Institute of Banking and Finance, Singapore.

Walter de Oude

Walter de Oude

Executive Director and CEO

Walter has been active in the financial services sector since moving to Singapore in 2000. Prior to establishing Singapore Life in 2014, Walter was CEO at HSBC Insurance Singapore.

He was also a board member of HSBC Asset Management Singapore. A qualified actuary, Walter is passionate about Singapore Life’s role in empowering customers to take control of their financial future.

David Gelber

David Gelber

Non-Executive Director

Board member of IPGL, Singapore Life’s principal shareholder. Prior to this, David was COO of HSBC Global Markets.

He later joined ICAP as COO, transforming it into a multi-billion company. He currently serves as Chairman of Walker Crips PLC and also Chairman of Exotix Ltd, a frontier market investment bank.

Kenji Yoneda

Kenji Yoneda

Non-Executive Director

Kenji has extensive experience in life insurance. He is a qualified lawyer in New York and served as Chief Representative of Sumitomo’s UK and Vietnam office.

He currently serves as General Manager of Sumitomo Life’s International Business Department and Director of Bao Viet Holdings.

Estella Chiu

Estella Chiu

Independent Director

Estella previously led the actuarial practice at KPMG for Asia Pacific. Estella was Regional Chief Actuary and Head of Investment and Insurance Risks of HSBC Insurance in Asia.

She also served in the Board of Directors for HSBC Life. Additionally, Estella was Chairman of the China Committee of the International Actuarial Association, and President of the Actuarial Society of Hong Kong.

Lawrence Wong

Laurence Wong

Independent Director

Laurence has a deep background in life and general insurance. He has held key positions with multinationals as well as a mutual insurer, both in Singapore and in South-East Asia.

Laurence is currently Senior Director of Business Development for the Singapore International Commercial Court. Prior to that, he was CEO of Great Eastern Life Vietnam.

Max-Broden

Max Brodén

Non-Executive Director

Max Brodén is currently Deputy Chief Financial Officer and Treasurer at Aflac Inc. Max also oversees the company’s efforts to engage investors and rating agencies on a range of issues including the company’s financial performance and corporate governance activities, as well as strategic partnerships and planning. Prior to joining Aflac, he served as senior portfolio manager for Norges Bank, managing an equity portfolio of diversified global financial and insurance stocks. He also worked for several years at DnB Nor Asset Management in Stockholm and New York and Skandia Asset Management in Stockholm.

Max holds a Master of Science in both accounting and finance from Stockholm School of Economics. He is also a CFA charterholder.