HSBC Life announces two senior appointments in Singapore
HSBC Life Singapore (HSBC Life) announced two new senior appointments to its Executive Committee, bolstering its commitment to delivering client-centric propositions through multi-channel distribution.
These strategic appointments align with HSBC Life’s vision of meeting the evolving health and wealth needs of its customers in Singapore and realising HSBC’s ambition to become Asia’s leading wealth manager. Both roles will report to Harpreet Bindra, Chief Executive Officer, HSBC Life.
Ouling Lu has been appointed as Chief Product Propositions Officer, effective 30 September 2024. In this role, Ouling will be responsible for driving customer-centric profitable growth for HSBC Life in Singapore, leading the product function with a focus on developing new and innovative propositions. He will also oversee in-force management activities. Ouling brings a wealth of experience from his previous role as Head of Products and Propositions across Greater Asia Life for Milliman, and a decade-long tenure in multiple leadership roles at Allianz across Asia, Europe, and the United States.
Michael Wei has been appointed as Chief Partnership Distribution Officer, effective 1 October 2024. In this role, Michael will oversee HSBC Life’s Bancassurance, High Net Worth (HNW), and Financial Advisory channels in Singapore as well as lead the Sustainability and Corporate Social Responsibility (CSR) agenda. With over two decades of experience in the life insurance and banking industries, Michael has held leadership roles across Citi (Regional), OCBC and Manulife. Prior to joining HSBC Life, he was the Chief Partnership & Marketing Officer at Sun Life Singapore, where he led impactful growth strategies and partnerships. His deep expertise in the affluent, HNW and UHNW (UHNW) segments will be instrumental in executing HSBC Life’s distribution strategy.
Speaking on the appointments, Harpreet Bindra, Chief Executive Officer, HSBC Life Singapore, said: “I am pleased to welcome Michael and Ouling to my leadership team. Both senior leaders bring with them a wealth of experience and a passion for innovation that will be invaluable as we continue to execute our strategy and expand our market presence in Singapore. Their leadership expertise in client-centric product propositions and multi-channel distribution will further strengthen our capabilities and accelerate the delivery of our strategic aspirations.”
Media enquiries:
Urvashi Raizada urvashi.raizada@hsbc.com.sg
HSBC Life Singapore
HSBC Life (Singapore) Pte. Ltd. is a wholly owned subsidiary of HSBC Insurance (Asia Pacific) Holdings Limited, which is ultimately owned by HSBC Holdings plc, the London-based holding company of the HSBC Group. HSBC Life Singapore has received an A+ rating by Standard & Poor’s, most recently affirmed in February 2024. It provides a wide range of solutions that cater to life, health, retirement, protection, education, legacy planning, and wealth accumulation needs of retail and corporate clients.