EeLain Ong has taken over as chief financial officer for international freight transport and logistics insurer TT Club, the London-based firm confirmed in August.
Ong’s appointment was announced in April. She then shadowed outgoing CFO Julian Chowdhury for the months prior to his retirement.
As CFO of the specialist mutual insurer, Ong’s challenges, according to the company, will include achieving business plan profit targets via operational efficiencies focused on simplifying and automating processes along the insurance value chain.
“TT is fortunate to have in EeLain someone of vast and varied experience so suited to the Club’s structure and nature of its business,” TT Club CEO Charles Fenton said in a statement. “Over her 27-year career she has held leadership positions within finance, treasury and tax at reinsurance companies, captives, mutuals, start-ups and Lloyd’s (insurance) syndicates, and across multiple jurisdictions globally.”
“She replaces a true professional in Chowdhury, who we thank for his long and tireless service of almost 30 years,” Fenton continued. “We wish him a happy and fulfilling retirement.”
Ong is a graduate of Hull University and a Chartered Accountant (FCA). In addition to roles at reinsurance providers, she also has experience as a regulator, an auditor and an M&A corporate financier, all of which, according to TT Club, exposed her to structuring finite, legacy and traditional risk transfer deals within the realms of financial governance.
“I see the strength of TT as a reliable and expert risk management provider for organizations in the global supply chain sector which is continually undergoing disruption,” Ong said in a statement. “My role in part will be to help maintain TT’s agility to adapt to this changing trade environment, yet remain consistent in delivering renown(ed) service and claims efficiency.”