AIA Philippines and MediCard Philippines Inc. have announced the appointment of Julian Mengual as the new chief executive officer (CEO) of the leading health maintenance organization (HMO) in the country.
In a statement, the companies said that Mengual, who was MediCard deputy CEO since March 2023, will be taking over the post from Nicky Montoya. MediCard was established by Montoya’s father in 1987, and it was fully acquired by the AIA Group early this year.
“We are thankful for the many contributions of Dr. Montoya that has brought MediCard to where it is today. He leaves behind an incredible legacy that gives us a very strong foundation to build on,” said Kelvin Ang, AIA Philippines CEO.
“We look forward to working with Julian as we continue to make healthcare more accessible, affordable and effective in the Philippines. Together, we will continue to fulfill our mission of helping Filipinos live Healthier, Longer, Better Lives,” he added.
Mengual brings with him 25 years of extensive knowledge and experience in the healthcare and financial industries.
Prior to joining MediCard, he was the CEO for Asia Health Markets and Regional Health Solutions APAC of Cigna Hong Kong, a multinational healthcare and insurance company, where he was responsible for the businesses in Hong Kong, Thailand, Indonesia and Australia. He also spent many years leading executive strategic roles in Asia at Cigna.
“I have spent the past few months working closely with Julian and I am confident I am leaving MediCard in the capable hands of someone who understands the needs of the business. I trust that under his leadership and in close collaboration with the rest of the senior leaders in MediCard, my father’s legacy will reach greater heights,” Montoya said.
