Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurer, has appointed Peter Babej to its Board of Directors, effective April 1st, 2026.
Most recently, Babej served as Chairman and Interim Head of Banking at Citigroup before retiring in 2024.
Before this, he was the Chief Executive Officer (CEO) of Citi Asia Pacific, leading operations across multiple markets and overseeing a workforce of approximately 70,000 employees.
During his tenure at Citi, Babej helped the organisation through complex strategic initiatives, including the expansion of institutional and wealth management capabilities across the region.
In the past, he has also served as the Global Head of Financial Institutions at Citi, and has held senior roles at Deutsche Bank and Lazard.
Babej has deep expertise in advising on mergers, acquisitions, and capital markets transactions, with a particular focus on clients across financial services, insurance, and reinsurance.
Tony Cheng, President and CEO, RGA, commented, “Peter brings deep global financial services expertise and a proven record of leadership across complex institutions and markets.
“His experience advising and leading financial institutions through periods of transformation, combined with his extensive knowledge of insurance, capital markets, and Asia-Pacific operations, will be a great resource as RGA advances its long-term strategy and pursues opportunities worldwide.”
Stephen O’Hearn, Chair of the Board of Directors, RGA, added, “With more than three decades of experience at the intersection of banking, insurance, and financial advisory, Peter offers a global perspective that will further strengthen our Board.
“He has successfully led organizations through significant strategic initiatives; we are delighted to welcome him to RGA and look forward to benefiting from his insights and counsel.”
