Mark Wang has been appointed as chief investment officer (CIO), group insurance at HSBC, effective 22 October 2018.
Based in Hong Kong, Wang will provide leadership to the investment teams across HSBC’s life insurance manufacturing entities globally with responsibility for investment strategy, investment governance process and mandate management.
He will work closely with HSBC Global Asset Management to ensure delivery of optimal outcomes for policyholders and shareholders.
He will report to Ms Katrien Verwilst, head of balance sheet optimisation, group insurance, and will also support balance sheet management initiatives for the insurance business globally.
Wang boasts over 20 years of experience in the insurance investment industry.
He has held a number of senior positions, as CIO or fund manager at insurance companies in different parts of the world, including the US, Hong Kong, Malaysia and most recently Singapore where he was CIO for NTUC Income Insurance, a Singaporean insurer.
Before that, he was CIO of AIA Malaysia and CEO of AIA Pension & Asset Management Company.