HSBC Life Singapore today announced two senior management appointments aimed at strengthening the distribution channels and product offerings of the company, in line with the strategy of further bolstering its presence in Asia. These moves underpin the broader ambition of HSBC to address better the needs of customers changing across Asia and solidify its position as the best of its kind in wealth management.
Ouling Lu has been appointed Chief Product Propositions Officer effective September 30. In this role, he will lead the growth of HSBC Life’s products in Singapore with focus on innovation and engagement with customers. Lu will also manage the company-owned portfolio of policies. He brings rich experience into the job as he has been a head of products and propositions for Greater Asia life at Milliman and led the functions of Allianz across Asia, Europe, and the United States.
Michael Wei will become Chief Partnership Distribution Officer, reporting to Yong Ying Song. He will take on an initial role starting October 1, driving bancassurance and high-net-worth and financial advisory distribution channels for HSBC Life in Singapore. He also will lead the company’s sustainability and corporate social responsibility initiatives. With more than two decades working in the life insurance and banking industry, Wei has held senior positions at the major houses Citi, OCBC, Manulife, and most recently at Sun Life Singapore as Chief Partnership and Marketing Officer.
Both will report to Harpreet Bindra, HSBC Life Singapore CEO and they will bring a fresh perspective and leadership expertise which they have gathered over the years; which will prove invaluable in further strengthening the business in Singapore and more importantly advancing the strategic objectives of the company, Bindra commented. “I am pleased to welcome Michael and Ouling to my leadership team.” He lauded their depth of experience and innovation passion, which would prove vital as the firm continues to execute its strategy and expand its market presence in Singapore, he added.
Read More: https://apaccioworld.com/
