The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Based in Hong Kong, Hora is responsible for maximising the value of new business derived from traditional agency channels as well as alternative channels including bancassurance and advisors, in all of AXA Asia LifeÆs eight markets, namely China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore and Thailand.
Hora also focuses on expanding AXA Asia LifeÆs distribution network in its new markets of India and Malaysia and growing the agency force in the other markets. This includes the development of best practice distribution models and common distribution platforms, as well as the creation of a regional distribution centre.
HoraÆs expanded role reflects Axa Asia LifeÆs continuing drive to expand and further strengthen its financial protection and wealth management foothold in Asia. Axa considers Asia as the region with the highest growth potential and its contribution to overall revenue is expected to grow significantly. Axa Asia Life serves more than 1.8 million customers in its eight Asian markets.
Hora brings to Axa Asia Life more than 11 years of experience in sales and distribution, seven of which were in the insurance industry. Prior to joining AXA, he was head of sales at ICICI Prudential Life Insurance Company in India and has had experience in managing multi-channel distribution. He has been credited for that firmÆs business growth through the traditional agency-tied channel as well as building scale in alternative channels such as bancassurance, broker and direct marketing.
Hora reports to Mark Pearson, regional CEO at Axa Asia Life. He replaced Leigh McConnon who has left the company and has gone back to Australia.
Record low borrowing costs in Australia are feeding demand for the country's real estate, with domestic and global investors raising their allocations into the sector.
Experts have a diversified view on the appeal of private assets across the region, but one thing's for certain - inflows are rising, particularly into China and the US.
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