A Wealth of Possibilities

Allianz PNB Life and HSBC Wealth, locally incorporated as HSBC Investment and Insurance Brokerage, Philippines Inc. (HIIB) have enhanced their distribution agreement to become exclusive for 14 years, with the Allianz SE (Singapore) Branch. The exclusivity took effect last September 26, 2023, which covers the distribution of life insurance products to HSBC customers in the Philippines.

The partnership opens a wealth of possibilities, helping to meet the evolving needs of clients in the Philippines, by offering new and enhanced products, new digital tools and additional training and learning support to our staff.

Joe Gross, Chief Executive Officer of Allianz PNB Life, shares: “We are delighted to expand our partnership with HSBC, and look forward to exponential growth in reaching more customers. Through our dedicated team and digital tools, we will be able to offer more compelling protection and health product propositions and innovative customer experiences for affluent clients. This strategic partnership solidifies our position as a leading business partner and further supports HSBC Group’s ambition to be the leading wealth manager in Asia.”

Peter Faulhaber, Vice Chairman, HSBC Wealth shares: “We are happy to further strengthen our partnership with Allianz that will provide our customers with a wide range of products and services to meet their everyday needs.  We look forward to the synergies in product innovation, digital capabilities and multi-channel access that will ultimately benefit our customers.”
Valued customers will benefit from personal and holistic wealth management services available through relationship managers in Wealth Hubs and Digital channels. A local partnership with best-in-class global standards, and digital with expert human touch, the collaboration further equips Allianz PNB Life and HSBC as it sets sights on market leadership in life insurance for mass affluent and high net worth customers.

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