Summary

HSBC is considering selling its Singapore insurance unit, HSBC Life (Singapore), potentially for over US$1 billion. This review aligns with HSBC’s global business revamps under CEO Georges Elhedery, which have included previous disposals in Europe and North America. Despite the potential sale, HSBC remains committed to Singapore as a key international wealth and wholesale hub.

https://www.straitstimes.com/business/banking/hsbc-considers-selling-singapore-insurance-business-sources?ref=top-stories