Euler Hermes Asia Pacific appoints ASEAN CEO

Hong Kong, 17 March 2021 – Euler Hermes Asia Pacific is pleased to appoint Shan Aboo to the office of ASEAN CEO, effective 1 April 2021. Mr Aboo will be based in Singapore, overseeing Euler Hermes’ operations in the ASEAN markets, namely Malaysia, Thailand, and Indonesia as well as Singapore. He will be reporting to the Head of Region at Euler Hermes Asia Pacific Holger Schaefer.

Mr Aboo joined Euler Hermes in 2008 in Dubai as a Business Development Manager covering the GCC market, before moving to Singapore as the Commercial Director for Euler Hermes ASEAN in 2012. Since 2016, he has been the Regional Director for Euler Hermes World Agency Asia Pacific responsible for expanding and servicing the multinational business accounts in the region.

Mr Schaefer speaks on Mr Aboo’s appointment, “Shan is the perfect candidate for this role due to his successful tenure in the ASEAN region as well as his experience servicing the large-corp and multinational companies in heading our World Agency team. Shan brings to this role a driving spirit and entrepreneurial leadership. As a leading and dynamic multi-product hub, ASEAN is a key part of our future growth strategy. I am very confident that Shan, together with the local management team, will achieve great success in ASEAN. I also want to sincerely thank outgoing CEO, Clemens Philippi, for his dedication and contribution over the past three years. I wish him every success in his future role.”

Commenting on his new role, Mr Aboo says, “I am thrilled to re-join the Euler Hermes ASEAN team and it feels like returning home in some ways. With deep roots across ASEAN and an unmatched product offering, Euler Hermes is uniquely positioned to support our clients and business partners across the region, especially during these times of economic uncertainty. I look forward to working closely with the talented and experienced ASEAN team to drive profitable growth and localized solutions in this dynamic part of the world.”

Chloe Lin, currently Regional Director of Account Management for World Agency Asia Pacific, will ascend to the Regional Director position taking over from Mr Aboo. Ms Lin joined the World Agency eight years ago and has established solid connections with multinational businesses across the region. She has worked in the US, China, Hong Kong and Singapore, and has accumulated over twenty years of experience in the financial services sector through a variety of roles. Ms Lin will lead the regional World Agency operations from Hong Kong.

Ms Lin says, “I am excited to take on this role and embrace its breadth of opportunities. The team is diversely talented with deep credit insurance expertise. In today’s dynamic business environment, compounded by the uncertainty that came with Covid-19, the demands for savvier credit risk management will be greater than ever. Looking forward to continue creating tailored solutions for sustainable growth for our customers across Asia Pacific.”