HSBC Holdings Plc’s Chairman Mark Tucker is leaving Europe’s largest lender to take on a non-executive chairman role at AIA Group Ltd., marking his return to the Hong Kong-based insurer.

HSBC Holdings' high-profile Chairman Mark Tucker will return to the insurance sector as chair of Hong Kong-based AIA Group, after having presided over top management changes and navigated Sino-U.S. tensions at the Asia-focused lender.

Banking giant HSBC’s outgoing chairman Sir Mark Tucker will step down at the end of September to take up the same post at Hong Kong-based insurer AIA, the bank has announced. It was announced last month that Sir Mark would retire by the end of 2025,