The Board of Directors of AIA Insurance Lanka PLC notified that the Chief Executive Officer /Principal Officer the Company Mr. Pankaj Banerjee has expressed his intention to resign from the positions of the Chief Executive Officer and Principal Officer of the Company, effective 1 July 2019. Mr. Pankaj Banerjee will take up position in AIA Group as Chief Executive Officer, Group Partnership Distribution and will be based in Hong Kong. Mr. Pankaj Banerjee will be succeeded by Mr. Nikhil Advani as Chief Executive Officer /Principal Officer effective 01 July 2019 subject to the approval of the Insurance Regulatory Commission of Sri Lanka.

Nikhil, the incoming CEO, has been with AIA Insurance Lanka since 2016 and currently leads the functions of Marketing, Customer Strategy & digitisation, Brands, Products, and Transformation within the Company.