HSBC Holdings will relocate its group chief people and governance officer, Aileen Taylor, from London to Hong Kong later this year, as the lender doubles down on expanding its Hong Kong and Asia operations, according to sources at the bank. A source told the South China Morning Post that an internal decision to relocate Taylor to Hong Kong had already been made, as part of a push to strengthen the presence of senior executives in Hong Kong – HSBC’s biggest market and its focus of...
HSBC has agreed to sell its Singapore life and health insurance business to Germany’s Allianz for S$2.7 billion (US$2.08 billion), with the deal expected to be completed in the first half of 2027, HSBC Group announced on Friday morning before the start of trading. The disposal is expected to generate a pre-tax gain of US$1.8 billion and boost HSBC’s common equity tier 1 ratio by up to 15 basis points, the bank said. As part of the deal, HSBC Singapore will enter a 15-year exclusive bancassurance...
India is one of the most important talent centres in the world and continues to be a key market for HSBC: Georges Elhedery, group CEO, HSBC