HSBC Insurance (Singapore) has appointed Carlos Vazquez as its new CEO, succeeding Ian Martin who will be assuming a new global role in HSBC Group Insurance based in London.
In his new role, Vazquez’s key mandate is to accelerate the growth of HSBC Insurance in Singapore through the insurance distribution potential within the HSBC Group, expanding its strategic distribution partnerships, and delivering innovative direct-to-consumer digital solutions.
Vazquez joins the company from Manulife (Singapore) Pte. Ltd where he served as chief product officer, responsible for overseeing product management and pricing. Additionally, he played a key role in successfully launching the DBS-Manulife partnership.
Vazquez also previously served as the chief product officer for Manulife Indonesia, where he led the launch of many local product innovations. Vazquez is a fellow of the Society of Actuaries and a member of the American Academy of Actuaries.
HSBC’s group head of insurance, Bryce Johns said: “Carlos brings a wealth of market experience, and a deep knowledge of the insurance industry, with over 20 years of experience in Asia and North America”.
Tony Cripps, chairman of HSBC Insurance (Singapore) and CEO of HSBC Singapore, said: “We’re really excited to have Carlos on board at this pivotal moment for HSBC Singapore as we continue to invest and grow our business. Working closely with HSBC Insurance, we are able to bring our combined strength and expertise to meet the broad range of protection needs of our retail, high net worth and corporate customers.”
Johns added: "I would like to thank outgoing CEO, Ian Martin, for his significant contributions, especially in terms of achieving Tier 1 Status in Singapore. We wish him the very best of luck in his new global role”.