HSBC Appoints Harpreet Bindra as HSBC Life Singapore CEO Succeeding Ho Lee Yen, HSBC Life Singapore is Combined Business of HSBC Insurance & Acquisition of AXA Singapore in 2022 February
1st September 2023 | Hong Kong
HSBC has appointed Harpreet Bindra as HSBC Life Singapore CEO succeeding Ho Lee Yen, with Harpreet Bindra becoming the new CEO of HSBC Life Singapore (the combined business of HSBC Insurance & HSBC acquisition of AXA Singapore in 2022 February). Harpreet Bindra had joined HSBC in 2018, and was most recently Global Head of Strategy & Business Development for HSBC Global Insurance & Partnerships. Harpreet Bindra has held numerous senior leadership roles in insurance, banking and asset management, including at Prudential, Daiwa Securities & ING Group in Singapore, Hong Kong, India and the Netherlands. HSBC: “Harpreet will lead HSBC Life Singapore and drive the execution of our strategy in this dynamic insurance and wealth market. He brings more than two decades of leadership experience in the insurance and financial services industry and was most recently Global Head of Strategy and Business Development for HSBC Global Insurance and Partnerships, based in Hong Kong. Reporting to Greg Hingston, CEO, HSBC Global Insurance and Partnerships and to Ashmita Acharya, Head of Wealth and Personal Banking (WPB), Singapore, Harpreet will continue to be part of the HSBC Life Global Executive Committee and will join the HSBC WPB Singapore Executive Committee. Harpreet will succeed Ho Lee Yen, who has decided to spend more time with her family, having successfully completed the integration of the businesses of AXA Singapore and HSBC Insurance, laying a solid foundation for the next phase of growth for HSBC Life Singapore.” More info below.
“ HSBC Appoints Harpreet Bindra as HSBC Life Singapore CEO Succeeding Ho Lee Yen, HSBC Life Singapore is Combined Business of HSBC Insurance & Acquisition of AXA Singapore in 2022 February “
Greg Hingston, CEO, HSBC Global Insurance and Partnerships: “Harpreet’s appointment as the CEO of HSBC Life Singapore comes at a pivotal time when we are investing and growing our insurance and wealth businesses. Singapore is a strategically important market for HSBC and we are expanding propositions, channels and platforms to meet the health, protection and wealth management goals of our individual and corporate customers. I am confident that under Harpreet’s leadership, HSBC Life Singapore will realise its potential with best-in-class propositions for our customers across their wealth journey. We thank Lee Yen for her contributions, particularly for facilitating a smooth transition as we combined the two businesses, to position HSBC Life Singapore well for future success.”
Ashmita Acharya, Head of Wealth & Personal Banking, HSBC Singapore: “The success of HSBC Life Singapore is key to achieving HSBC’s ambition of becoming a leading wealth manager in Asia and capturing the full breadth of opportunities for HSBC in Singapore. Harpreet’s extensive insurance experience in Asia and proven leadership qualities, matched with the combined strengths of the HSBC Group and HSBC Life, will allow us to successfully execute our insurance and wealth strategy in this increasingly important international financial centre.”
Harpreet Bindra, HSBC Life Singapore CEO
Harpreet Bindra joined HSBC in 2018 to drive the strategic growth agenda for HSBC’s insurance manufacturing operations in 10 markets across Asia, Europe and Latin America, as well as develop strategic partnerships with global insurers across 30 markets. He has successfully led several strategic growth initiatives for the Group, including the acquisition of AXA Singapore.
Prior to HSBC, Harpreet held a number of leadership roles across Insurance, Banking and Asset Management, in companies including Prudential Financial Inc., Daiwa Securities and ING Group in Singapore, Hong Kong, India and the Netherlands. Harpreet has a degree in Business Economics and holds an MBA in Finance and Strategy.
Harpreet will lead HSBC Life Singapore and drive the execution of our strategy in this dynamic insurance and wealth market. He brings more than two decades of leadership experience in the insurance and financial services industry and was most recently Global Head of Strategy and Business Development for HSBC Global Insurance and Partnerships, based in Hong Kong. Reporting to Greg Hingston, CEO, HSBC Global Insurance and Partnerships and to Ashmita Acharya, Head of Wealth and Personal Banking (WPB), Singapore, Harpreet will continue to be part of the HSBC Life Global Executive Committee and will join the HSBC WPB Singapore Executive Committee.
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