HSBC Life and Insurance Partnerships has named Greg Hingston as its global CEO, a role he begins on January 1.
Hingston succeeds Bryce Johns, who is set to depart the company in the new year.
He has served within the HSBC Group for 15 years and 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.
Before that he spent five years at Prudential Corporation Asia leading Business Development, Strategic Planning and M&A.
In his new role Hingston 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.
“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,” said Nuno Matos, Chief Executive, Wealth and Personal Banking (WPB).
“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 added, “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.”
