The Zhitong Finance App learned that according to reports, Edward Moncreiffe (Edward Moncreiffe), CEO of the global insurance business of HSBC Holdings (00005), will leave his job in September to seek external development opportunities. A Foreign Exchange Control spokesperson declined to respond to the report.

Since CEO Georges Elhedery (Georges Elhedery) took charge of foreign exchange control in 2024 and carried out comprehensive reforms, the group has been cutting costs and focusing on wealth management business. In addition to Wen Dehua, many senior executives have left their jobs before. Some sources said that the foreign exchange control plan appoints two senior executives to replace Wen Dehua and split the position in two.

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