Key facts
- Edward Moncreiffe, HSBC's global CEO for insurance business, is leaving the bank.
- Moncreiffe has been with HSBC for 20 years.
- He assumed his current role in 2024.
- Moncreiffe is leaving for external opportunities.
- HSBC declined to comment on the report.
Edward Moncreiffe, who leads HSBC's global insurance business, is preparing to leave the company after a 20-year tenure. Moncreiffe took on the chief executive role for the insurance division in 2024 and is reportedly departing to pursue other opportunities. Sources with direct knowledge of the matter confirmed his impending exit, speaking on the condition of anonymity as the information has not been officially disclosed. A spokesperson for HSBC declined to comment when reached by Reuters. Moncreiffe himself did not immediately respond to a request for comment.