Lockton names new CEOs for Malaysia and India

Nicholas Lee was named chief executive designate of Lockton Sime.

Lockton has announced a series of leadership changes across Asia as it looks to strengthen regional capabilities and support growth in key markets.

In Malaysia, Nicholas Lee has been appointed chief executive designate of Lockton Sime. 

He brings more than 20 years of experience across insurance broking, risk management, analytics, catastrophe modelling, bancassurance and consulting, with work spanning Malaysia, Australia and Singapore.

Lee most recently served as head of client coverage for insurance solutions in Asia-Pacific at Moody’s Analytics, where he worked with insurers, reinsurers and brokers on areas including catastrophe modelling, reinsurance optimisation, portfolio analytics and digital transformation. 

He also previously worked with Lockton in Singapore and has run his own consultancy focused on emerging risks and insurance transformation.

As part of the transition, Mohamed Yahya Ibrahim will move into a special adviser role at Lockton Sime, focusing on the development of Takaful capabilities in Malaysia. 

The company credited him with more than 12 years of leadership of the Malaysia business.

In India, Sandeep Dadia has stepped down as chief executive of Lockton India to become a non-executive officer, following the growth of the business since its establishment in 2024. He is expected to pursue other entrepreneurial ventures.

Jaideep Sharma will take over as chief executive of Lockton India, subject to regulatory approval. 

He will continue in his role as regional head of specialties for Lockton Asia and will be based in Mumbai.

Sharma has previously held senior roles at Marsh and Aon, including serving as chief executive of Marsh Saudi Arabia, where he led revenue growth and improved margins, and as a market leader at Aon in the United States.