HSBC's global insurance business head Moncreiffe is set to leave, according to sources. This was reported by Qazaqyia.kz citing Reuters.
The sources suggest the decision may be linked to strategic changes in the bank's insurance division. Moncreiffe's departure is expected to be officially announced soon.
As one of the world's largest financial institutions, HSBC plays a significant role in the insurance market. It remains unclear who will succeed Moncreiffe.