Manulife-Sinochem Life Insurance has announced the appointment of Matthew Chiang (CHIANG KI FAI MATTHEW) as Assistant General Manager, effective December 2025. Chiang brings over two decades of experience in the financial sector, having worked with multinational banks such as Citibank, DBS, and Standard Chartered.

Chiang, born in 1973, holds a Bachelor's degree in Business Administration from Hawaii Pacific University and an MBA from Imperial College London. His career began at Citibank, where he specialized in compensation management, HR systems, and expatriate services. He later joined DBS during a merger project in 2001 and subsequently held leadership roles at AIG and Standard Chartered, overseeing compensation and benefits for China and Hong Kong. In 2010, he joined Bank of East Asia (China), rising to Assistant President by 2018 while managing HR and corporate communications. Chiang joined Manulife-Sinochem in 2021 as Chief Human Resources Officer before his latest promotion.

This marks the second senior appointment in recent months, following the addition of Xu Bin as Assistant General Manager in November. Xu, an IT specialist, concurrently serves as Chief Information Officer. The company has undergone significant leadership changes this year, including the departure of two Deputy General Managers and one Assistant General Manager, alongside adjustments in its audit functions.

Financially, Manulife-Sinochem reported robust growth in the first three quarters of 2025, with premium income reaching RMB 30.48 billion (up 21.83% YoY) and net profit surging 72.47% to RMB 426 million. The insurer's total assets grew 30.54% to RMB 158.23 billion, while its comprehensive solvency ratio stood at 215.66%.

The company has pioneered a "light-asset" elderly care model through partnerships with 270 institutions across 40 cities, though its high-end care admissions remain limited compared to competitors. Additionally, plans to establish an asset management subsidiary, approved by shareholders in April 2023, have yet to receive regulatory clearance.

Notably, Manulife-Sinochem maintains a rare ownership structure among Chinese insurers, with Canadian parent Manulife holding 51% and Chinese partner Sinochem holding 49%. Its agency channel contributes 99% of insurance revenue, with recent recruits showing 81% holding college degrees and 70% having management experience.