HSBC Changes Insurance Head After Hingston’s Surprise Exit
- Moncreiffe becomes insurance CEO as Hingston leaves bank
- HSBC will pursue opportunities in Hong Kong and China
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The head of HSBC Holdings Plc’s insurance business is unexpectedly leaving the Asia-focused lender after two years in the post, and will be replaced by veteran insider Ed Moncreiffe.
Greg Hingston will pursue opportunities outside the firm, according to a statement from the bank on Friday. Moncreiffe has been with HSBC for 18 years and held a number of leadership roles including head of life and pensions Brazil. The changes are effective immediately.