- HSBC has appointed Daisy Tsang and Kai Zhang as co-CEOs of its insurance unit following the surprise resignation of global insurance CEO Edward Moncreiffe.
- The leadership change comes as HSBC's insurance business achieved a 32 per cent growth in revenue in the first half of 2026.
- The new co-CEOs will lead the division amid regulatory challenges in mainland China and the planned sale of HSBC's Singapore life and health insurance business to Allianz for S$2.7 billion.