HSBC Asia insurance unit head Moncreiffe to leave in September
Moncreiffe, who took over HSBC’s Asia-focused insurance business role in 2024, is expected to leave in September for external opportunities, according to sources. HSBC’s Hong Kong spokesperson declined to comment. The departure follows other senior executive exits tied to CEO Georges Elhedery’s 2024 overhaul aimed at cutting costs, trimming smaller businesses and focusing on wealth growth.