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HSBC is reviewing the sale of its Singapore life insurance unit as part of a global simplification effort.
HSBC is conducting a strategic review of its HSBC Life Singapore insurance business, evaluating all options including a potential sale, as part of a global effort to simplify operations under CEO Georges Elhedery.
The review, announced January 16, 2026, does not include other operations and comes amid broader restructuring, including plans to privatize Hang Seng Bank in Hong Kong.
While no decisions have been made, the bank reaffirmed Singapore as a key market, emphasizing continued growth in wealth and wholesale banking.
The move reflects HSBC’s strategy to focus on high-growth areas in Asia and improve efficiency.
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HSBC está revisando la venta de su unidad de seguros de vida de Singapur como parte de un esfuerzo global de simplificación.