January 21 2005. Zurich Financial Services Group (Zurich) announced the appointment of Johnny Chen (age 45) to Chief Executive Officer (CEO) of its recently established Greater China business effective March 1, 2005. In this newly created position, Johnny Chen will report to Martin South, CEO International Businesses Division, and be part of the International Businesses Leadership Team. He will be responsible for establishing and leading the Group’s renewed focus on the Greater China region, including its businesses in Hong Kong, Taiwan and the relationship with New China Life Insurance Company Ltd.
Martin South comments: "Johnny’s appointment is an important step in accelerating our growth strategy in Greater China, and I know that his experience in the region will be of great value to the Group."
Johnny Chen is joining Zurich from Pricewaterhouse Coopers Greater China where he was the Managing Partner of the Beijing office and an executive member of the Management Board responsible for business strategy and revenue growth.
Johnny Chen holds a Masters degree in Accounting from the University of Rhode Island and a United States CPA license.
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Notes to Editors:
Zurich Financial Services is an insurance-based financial services provider with a global network that focuses its activities on its key markets in North America and Europe. Founded in 1872, Zurich is headquartered in Zurich, Switzerland. Zurich has offices in more than 50 countries and employs about 62,000 people.
For further information please contact:
Zurich Financial Services
Media and Public Relations
8022 Zurich
Switzerland
Telephone: +41 (0)1 625 21 00
Fax: +41 (0)1 625 26 41
http://www.zurich.com
SWX Swiss Exchange/virt-x: ZURN
