New CFO takes charge at mutual insurer TT Club

Specialist mutual insurer  TT Club has revealed a new chief financial officer taking over the role from the outgoing CFO Julian Chowdhury.

EeLain Ong has been named the new CFO of the international freight transport and logistics insurer  TT Club.

Ong's new responsibilities will include planning profit targets through operational efficiencies focussed on simplifying and automating processes along the insurance value chain.

In addition to roles at re/insurance providers, Ong's experiences as a regulator, an auditor, and an M&A corporate financier exposed her to structuring finite, legacy and traditional risk transfer deals within the realms of financial governance.

Charles Fenton, CEO of  TT Club, said: “ 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. Over her 27 year career she has held leadership positions within finance, treasury and tax at re/insurance companies, captives, mutuals, start-ups and Lloyd’s 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. We wish him a happy and fulfilling retirement.”

Ong commented: “I see the strength of  TT as a reliable and expert risk management provider for organisations in the global supply chain sector which is continually undergoing disruption.  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 service and claims efficiency.”

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