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HSBC sells Singapore insurance business to Allianz in £1.6 billion deal
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Independent Business
HSBC sells Singapore insurance business to Allianz in £1.6 billion deal
Chief executive Georges Elhedery has been restructuring the lender since taking on the role
24 Jul, 09:31
Evening Standard
HSBC offloads Singapore life arm in £1.6 billion deal
Chief executive Georges Elhedery has been restructuring the lender since taking on the top post two years ago.
24 Jul, 07:23
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City AM
HSBC sells Singapore insurance arm to Allianz in £1.6bn deal
FTSE 100 HSBC has agreed to sell its health and life insurance business to German insurance giant Allianz for $2.1bn (£1.6bn) as it refocuses its strategy on Singapore’s wealth management. The banking giant agreed to sell its Singapore business to Allianz in a transaction that is expected to be completed in the first half of [...]
24 Jul, 07:35
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