Singapore

HONG KONG-LISTED insurer AIA Group will have a new chief after its former chief executive of seven years moves to Europe's biggest lender HSBC to take up the role of non-executive group chairman.

Mark Tucker, the insurer's former group CEO and president, will succeed outgoing HSBC veteran Douglas Flint as chairman on Oct 1, marking the first time the British bank has hired an outsider in its 152-year history.