HSBC Insurance (Singapore) has announced the appointment of Carlos Vazquez as its new chief executive officer, effective March 12 2018. Vazquez succeeds Ian Martin, who will be assuming a new global role in HSBC Group Insurance based in London.

Bryce Johns, HSBC’s group head of insurance, says: “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 chief executive officer of HSBC Singapore, says: “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.”