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Advisor: Mr. Edmund Tse (American International Group, Inc.)
Latest Updated at 2007-November-9 18:51:22

Senior Vice Chairman - Life Insurance of American International Group,Inc.

     
Edmund Tse is Senior Vice Chairman of Life Insurance of American International Group, Inc (AIG) as well as Chairman and Chief Executive Officer of American International Assurance Co., Ltd. (AIA).  AIA is one of the largest life insurance companies in Southeast Asia and subordinate company of AIG which is a world leader in insurance and financial services.
  
Mr. Tse began his career with AIG in 1961 when he joined AIA in Hong Kong.  In 1970, he was posted to Nan Shan Life Insurance Co., Ltd., an affiliate of AIG in Taiwan, where he became President & Managing Director in 1975, and Chairman in 1990. Upon his return to Hong Kong in 1983, he served as President & Chief Executive Officer of AIA, and in 2000, became Chairman and CEO.
  
In 1991, Mr. Tse was appointed Executive Vice President of AIG.  He was elected to the AIG Board of Directors in 1996 and appointed Vice Chairman in 1997, responsible for AIGs global life insurance operations. Mr. Tse was elected Senior Vice Chairman in 2001, and served as AIG Co-Chief Operating Officer from May 2002 to December 2003.
  
As a veteran in the industry, Mr. Tse works closely with the local governments as well as insurance communities to promote the development of Asias insurance industry by providing recommendations on insurance operations and legislation. Because of his outstanding contribution to the development of Hong Kongs insurance industry, Mr. Tse was awarded the Gold Bauhinia Star (GBS) by the Government of the Hong Kong Special Administrative Region in 2001.  He was also elected to the Insurance Hall of Fame, the most prestigious award in the insurance industry, in 2003.  Mr. Tse was the first Chinese to receive this prestigious award.  
  
Mr. Tse was a member of the Selection Committee that elected the first Chief Executive and the Provisional Legislature of the Hong Kong Special Administrative Region (HKSAR) in 1996.  In 1998 and 2000, he served on committees that elected the HKSAR Legislative Council.  He was once again a member of the Selection Committee for the election of the Chief Executive in 2002 and 2007.  He is also an economic advisor to the Guangdong Governor at the International Consultative Conferences on the Future Economic Development of Guangdong Province.
  
Active in philanthropic activities, Mr. Tse supports a wide range of community and social service programs.  As President of AIA Foundation, he oversees the Foundations allocation of funds to a variety of programs on education, community and medical services.  He is a member of the Asia Society Hong Kong Center Advisory Council, and former Chairman of the Asia Advisory Board for the U.S.-based Childrens Medical Foundation (formerly Project HOPE). He sits on the Advisory Board for B.Sc. (Actuarial Science) Program of the Department of Statistics and Actuarial Science, the University of Hong Kong, the Career Development Board of the Chinese University of Hong Kong as well as the Board of Trustees and the Education Development Foundation of Fudan University in China.  Mr. Tse is a member of the Executive Committee of the China Overseas Friendship Association, the Hong Kong Committee of the Asian Association and the Pacific Basin Economic Council.
  
A graduate of the University of Hong Kong, Mr. Tse received his Bachelor of Arts Degree in Mathematics in 1960.  He obtained Diplomas from the College of Insurance and the Graduate School of Business of Stanford University.  The University of Hong Kong conferred on Mr. Tse an Honorary Fellowship in 1998 and an Honorary Degree of Doctor of Social Sciences in 2002.

American International Group, Inc.(AIG)

American International Group, Inc. (AIG), world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIGs financial services businesses include aircraft leasing, financial products, trading and market making. AIGs growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIGs common stock is listed on the New York Stock Exchange as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

Editor: Yan

By: Source: Newsgd.com
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