AB Capital & Investment Corp. has appointed Sun Life, Inc., formerly of Canada (Philippines), after securing approval of his appointment from the Bangko Sentral ng Pilipinas (BSP). President Alexander S. Narciso has been nominated as an independent director.
Mr. Narciso has decades of leadership experience in the life insurance and financial services industries, the company said in a statement on Wednesday.
It said that as president of Sun Life Philippines, he oversaw the firm's operational, financial and regulatory performance.
Under his leadership, Sun Life posted gross premiums of P55.79 billion and new-business annual premium equivalent (NBAPE) of P10 billion in 2023, maintaining its position as the country's top life insurer for 13 consecutive years, the company also said.
During his tenure, Mr. Narciso reorganized Sun Life's salesforce into a high-performing network of approximately 21,000 advisors, it noted.
“Over this period, the company earned the Trusted Brand Platinum Award in Life Insurance for 14 consecutive years and repeatedly produced the highest number of Million Dollar Round Table Qualifiers nationwide.”
Mr. Narciso serves as an independent trustee for the Jesuit Volunteers Philippines Foundation and the World Surgical Foundation.
He holds a degree in Philosophy from the Ateneo de Manila University, a master's degree in Industrial Economics from the Center for Research and Communication, and is a Fellow (with Distinction) of the Life Management Institute. , Alexandria Grace C. Magno
