HSBC Appoints Greg Hingston as Global CEO, HSBC Life

  • Wealth Management , Banking , People Moves
  • 16.11.2021 05:30 pm

Greg Hingston is appointed Global CEO, HSBC Life and Insurance Partnerships with  effect 1 January 2022. He succeeds Bryce Johns, who has decided to pursue an  opportunity outside of HSBC.  

Nuno Matos, Chief Executive, Wealth and Personal Banking (WPB), said: “We are  extremely pleased to have Greg lead our insurance business globally, a key growth  engine for WPB and a critical part of our strategy to become the leading wealth manager  in Asia. 

“Under Greg’s leadership of WPB in Asia, we have achieved record financial  performance in key areas, gained market share and most importantly, significantly  enhanced the range of wealth, international and digital services to benefit the full  spectrum of our customers in the region. This provides a solid foundation to continue to  transform and exponentially grow our insurance franchise as we aim to scale up our  wealth capabilities globally, particularly in the Greater Bay Area, mainland China,  ASEAN and India.” 

Greg Hingston said: “I am delighted to take on this new opportunity, to strengthen our  position as a leading global bancassurer that serves the full breadth of our client  relationships across the Group and continue to contribute towards becoming a leading  wealth manager globally, particularly in Asia, where we aim to build leading health and  wealth insurance platforms and propositions.” 

In his new role as Global CEO, HSBC Life and Insurance Partnerships, Greg will be  responsible for leading and growing HSBC’s insurance business, which globally,  contributed around a third of overall WPB profits and around 12% of Group profits in the  first half of 2021. 

In the last two years, the Group has accelerated investments in HSBC Life, marking a  number of milestones that will set up the business for future growth and expansion. In  Hong Kong, HSBC Life regained market leadership as a bancassurer and led product  and digital innovation with the launch of new digital health platforms, Olive1, Well+2 and  

Benefits+3. In mainland China, HSBC established Pinnacle, a new digitally-enabled  mobile financial planning business that leverages the Group’s manufacturing capabilities  in HSBC Life China. In the UK, HSBC Life is Top 3 in onshore bonds and Top 10 in  external protection and critical illness. Recent investments in product platforms and  systems in Mexico will help capture increased demand for protection, savings and  retirement needs. In August 2021, HSBC Life announced the acquisition of AXA  Singapore, the first acquisition for the Group in 10 years. 

Greg has been with the HSBC Group for 15 years where he was previously Head of  WPB Hong Kong, Regional Head of Retail Banking, EMEA, Head of Customer Value  Management & Head of International for Retail Banking and Wealth Management in  

Europe, and Global Head of Strategy for RBWM. Earlier in his career, he spent five  years at Prudential Corporation Asia Ltd where he led Business Development, Strategic  Planning and M&A.

 

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