Ong takes over as CFO of TT Club

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Freight transport and logistics insurer TT Club has announced that EeLain Ong has taken up the role of Chief Financial Officer (CFO), effective August 1, 2022. Appointed in April 2022, Ong followed outgoing Chief Financial Officer Julian Chowdhury in his post during the months leading up to his retirement.

As CFO of the specialist mutual insurer, Ong’s challenges will be to achieve business plan profitability targets through operational efficiencies focused on simplifying and automating processes throughout the chain. insurance value.

Charles Fenton, CEO of the TT Club, said: “TT is fortunate to have in EeLain someone of such wide and varied experience so suited to the structure of the Club and the nature of its business. During her 27-year career, she has held senior finance, treasury and tax positions in re/insurance companies, captives, mutuals, start-ups and Lloyd’s syndicates, and in several jurisdictions globally. She replaces a true professional in Chowdhury, whom we thank for his long and tireless service of nearly 30 years. We wish him a happy and fulfilling retirement.

Ong is a graduate of the University of Hull and a Chartered Accountant (FCA). In addition to roles at re/insurance providers, she has also had experiences as a regulator, auditor and M&A corporate financier – all of which exposed her to structuring finite, legacy risk transfer agreements. and traditional in the areas of financial governance.

“I see TT’s strength as a trusted provider and risk management expert for organizations in the global supply chain industry which is continually experiencing disruption. Part of my role will be to help maintain the agility of TT to adapt to this changing business environment, while remaining consistent in delivering renowned service and claims efficiency,” Ong said.

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