Manama: Bahrain-based TAKAUD, the specialist savings and pensions provider for the MENA region, announced the appointment of Luc Métivieras its new Chief Executive Officer. Métivier takes over from acting Chief Executive Officer Eric Van Biesen, who will resume his original role of Chief Financial Officer.
Métivier is an international business executive with 26 years of regional and international experience in the financial services industry.
He has a proven track record of growing businesses in Europe, South East Asia and the Middle East supported by an in-depth knowledge of risk management from a financial, operational, and insurance /reinsurance perspectives.
His previous roles included Group CEO at ACR Re Takaful, a subsidiary of Asia’s leading reinsurance entity Asia Capital reinsurance, CEO of AXA Insurance in Egypt, CEO of Methaq Takaful in Dubai and General Manager for the Gulf Countries at American Life Insurance Company.
Métivier has also held the position of CEO at Allianz Saudi Fransi, in addition to General Manager position at Allianz Life Egyptand Allianz Life Luxembourg.
As the new CEO of TAKAUD, Métivier will lead the Company’s growth across both corporate and retail lines of business, while managing the business launch and expansion into new MENA markets over the coming years. Central to his strategy will be to drive TAKAUD to become a customer-centric provider of innovative and affordable personal and group savings and pensions solutions underpinned by cutting-edge online servicing and investment management.
“I am very pleased with the appointment of Luc Metivier as our new CEO. I am confident his track record and experience with world class companies will make him an excellent leader of TAKAUD. We are now looking forward to accelerating the development of company as the leading provider of private savings and pensions across the MENA region,” TAKAUD’s Chairman and KIPCO’s Group Chief Operating Officer, Samer Khanachet, said.
“I am very happy to join TAKAUD, which has gone from strength to strength since operational launch last year. With a portfolio of corporate and retail savings schemes successfully launched, distribution partnerships being developed, world-class investment partners already in place, and a team of excellent talent on board, the business is well positioned for steady momentum and long term growth as the region’s trusted provider of choice for private savings, pensions and financial planning for individuals,” Métivier added.
TAKAUD Savings and Pensions B.S.C. (c) is licensed as an Investment Business Firm (Category 1) by the Central Bank of Bahrain (CBB) and is a closed joint stock company incorporated in the Kingdom of Bahrain. TAKAUD specialises in providing long term savings and pensions solutions to individuals and corporations in the local and expatriate communities across the MENA region. TAKAUD is 50% owned by Kuwait Projects Company (Holding) K.S.C. (c) (KIPCO) and 50% by United Gulf Bank, a member of The KIPCO Group. The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 32 billion as at 31 March, 2014. The Group has significant ownership in over 60 companies operating in 24 countries