HSBC has announced the appointment of William Chan to the newly created role of Global Chief Investment Officer (CIO) and Head of Investments for its Global Insurance division.
Chan brings 26 years of industry experience to his new role and will report to Edward Moncreiffe, Chief Executive Officer of Global Insurance.
Chan has a long history working with HSBC. He joined the group in 1998 at HSBC Asset Management in the UK. Since then, he has held numerous senior roles at HSBC Asset Management in both the UK and Hong Kong. Chan briefly left the group in 2015, working for a short stint as Head of FX at UBS Asset Management in the UK. However, he returned to Hong Kong in 2016 to join HSBC’s life insurance arm.
Edward Moncreiffe
Job title“This new role reflects the importance of investments in delivering upon both our policyholder and shareholder expectations,” Moncreiffe said.
“Given William’s proven ability to deliver robust investment returns, even amidst low interest rates, market volatility, and inflationary pressures, I am confident in our potential to keep our promises to both policyholders and shareholders going forward,” he adds.
Speaking on his new role, Chan commented, “I am truly honoured to take on this exciting opportunity to leverage our consolidated investment expertise for the benefit of our substantial investment assets. Together with our CIO teams, we are committed to driving robust investment returns and meeting the expectations of our policyholders and shareholders, as well as further propelling HSBC’s growth and success.”
