SINGAPORE: HSBC’s recent acquisition of AXA Singapore will double its share of the local life insurance market and comes as the bank aims to sharply lift invested assets here by 2025, says a top executive.
Nuno Matos, HSBC’s chief executive of wealth and personal banking, told The Straits Times that the acquisition allows the bank to reach more clients through an agency model, compared with just bancassurance previously.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!