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The Independent UK
The Independent UK
Business
Holly Williams

HSBC launches review of insurance arm in Singapore

HSBC Georges Elhedery Singapore Insurance Hang Seng
HSBC has revealed plans to review its insurance business in Singapore in the latest move by boss Georges Elhedery to overhaul the British banking giant (HSBC/PA) - (PA Media)

HSBC has revealed plans to review its insurance business in Singapore in the latest move by boss Georges Elhedery to overhaul the British banking giant.

The group said the review would only cover HSBC Life Singapore, adding it will consider all options for the division including a sale, which could be worth over one billion dollars (£740 million), according to reports.

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