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Reginal Director at AIA
Steve Monaghan is Regional Director, Head of Edge AIA accountable for AIA’s group innovation agenda, a Limited Partner and investment committee member in True Global Ventures, Vice Chairman of Borderless Healthcare Mobile China, a board member of Proximiti and a private investor in Artificial Intelligence, Life Sciences, HealthTech and Fintech. Originally a commercial pilot, Steve has held a number of senior corporate and banking roles in product, marketing, operations and general management. He has worked for leading corporations and financial institutions including Dell, Compaq, Citigroup, OCBC, Shinsei and DBS Bank. Throughout his career, Steve has specialized in introducing new business models, businesses and products in all major markets in Asia and has filed 6 patents in FinTech. Steve was on the startup team for Dell Computer, introducing Dell’s consumer business to Asia. Later he developed and executed the branded manufacturing and retail model catapulting Compaq to number one in the Indian consumer market. In banking Steve developed and patented the first mobile payments platform for Citigroup, developed a Consumer Finance Division for OCBC and lead the retail bank turnaround of Shinsei Bank in Japan growing revenues USD$500M, deposits 25% and improving net income by USD$100M during a 9 month transformation. As Chief Innovation Officer for DBS Bank, Steve drove the innovation agenda focused on Intelligence, Big Data and Social culminating in the $220+M investment of DBS in IBM Watson, DBS A*Star R&D Lab and Digital Banking. At AIA Steve and the Edge team have built Asia and Oceania's leading corporate Accelerator ranked No. 5 overall, become the first Insurance company to join R3 guiding the future of insurance on the blockchain, pioneered Digital Health in Asia and is pioneering new applications of AI in Insurance in partnership with Universities and Government research institutions. Steve is a frequent presenter and lecturer around the world on subjects including Innovation, banking, Working Capital, M&A and Investing in China. He co-authored a five year China IPO study and has been frequently published on topics including Working Capital, Investing in China and Capital Collaboration.