Mr. Ajay Garg was appointed as a Non-Independent Non-Executive Director of Maybank Ageas Holdings Berhad on 1 July 2025. He was also appointed as a member of the Risk Management Committee of Maybank Ageas Holdings Berhad on 1 July 2025. He also serves as a member of the Investment Committee of Maybank Ageas Holdings Berhad since 1 November 2024.

He holds a Master of Science in International Finance from CERAM Sophia Antipolis, European School of Business, France and Master of Business Administration in Finance and Strategy from Asian Institute of Technology, Thailand. He also holds a Bachelor of Technology (Honours) Degree in Ocean Engineering and Naval Architecture from Indian Institute of Technology, India. In addition, Mr. Ajay Garg has also completed his Executive Programme on Building on Talent at International Institute for Management Development, Switzerland in 2010, and obtained his certification for Advanced Management Program from Harvard Business School, Boston, United States of America in 2025.

Mr. Ajay Garg has over 20 years of diverse international experience with 14 years in the field of insurance in multiple organisations including financial services, advisory, semiconductor and information and communications technology.

Prior to joining Ageas Group in July 2007, Mr. Ajay Garg worked with Oracle India Pvt. Ltd, India as Application Consultant from May 2001 to August 2003, whereby he was involved in designing outsourcing strategy and implementation of Oracle Enterprise Resource Planning solutions and functional design changes to product modules. Mr. Ajay Garg continued his career with Motorola Electronics Pte. Ltd., Singapore as Project Manager from June 2004 to March 2006. Subsequently, he joined PricewaterhouseCoopers, Netherlands as an Advisor in March 2006 providing strategy and performance management advisory to various companies including semiconductor and digital media protection, media, advertising and financial services. In July 2007, Mr. Ajay Garg joined Ageas B.V, Netherlands (Ageas B.V.) as Group Head of Asset Liability Management (ALM) and Secretary of Group ALM and Investment Committee. During his over 10 years’ career at Ageas B.V., Mr. Ajay Garg had involved in various assignments, among others, managing basis risk between assets and liabilities and advised local businesses on matters relating to ALM and cost of capital.

Mr. Ajay Garg was appointed as the Group Director Capital Management, Treasury and Free Capital Generation of Ageas SA/NV, Belgium in January 2018. His main responsibilities including instilling capital management discipline and analysing projects for capital deployment across Ageas Group and spearheading the development of a framework for tracking solvency movements, amongst others. He was also a member of the Group ALM, Investment Committee, Risk Committee and CFO Committee of Ageas Group. Mr. Ajay Garg is currently the Chief Financial Officer of Ageas Asia Services Limited, Hong Kong appointed effective 1 December 2024.

Within the Malayan Banking Berhad (Maybank) Group, Mr. Ajay Garg is a Non-Independent Non-Executive Director / Vice Chairman of Etiqa Family Takaful Berhad. Besides the Maybank Group, Mr. Ajay Garg sits on the Board of Ageasfinlux S.A., Belgium.

Last updated on 16 July 2025