Global life and health reinsurer Reinsurance Group of America (RGA) has appointed Peter Babej to its Board of Directors, effective April 1, 2026.
Babej most recently served as chairman and interim head of banking at Citigroup, where he will retire in 2024.
Prior to that, he served as Citi Asia Pacific Chief Executive Officer (CEO), leading operations across multiple markets and managing approximately 70,000 employees.
During his time at Citi, Babbage helped the organization implement complex strategic initiatives, including expanding institutional and wealth management capabilities across the region.
In the past, he also served as global head of financial institutions at Citibank and held senior roles at Deutsche Bank and Lazard Bank.
Babej has deep expertise in advising on mergers, acquisitions and capital markets transactions, with a particular focus on clients in the financial services, insurance and reinsurance sectors.
RGA President and CEO Tony Cheng commented: “Peter brings deep global financial services expertise and a proven track record of leadership in complex institutions and markets.
“His experience advising and leading financial institutions during periods of transformation, coupled with his deep knowledge of insurance, capital markets and Asia Pacific operations, will be a valuable resource as RGA advances its long-term strategy and pursues opportunities globally.”
Stephen O’Hearn, Chairman of RGA’s Board of Directors, added: “With over thirty years of experience in banking, insurance and financial advisory, Peter’s global perspective will further strengthen our Board.
“He has successfully led the organization through major strategic initiatives; we are pleased to welcome him to RGA and look forward to benefiting from his insights and counsel.”
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