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

HSBC’s longtime chair Sir Mark Tucker will step down in September to become non-executive chair of Hong Kong-based insurer AIA. Tucker, who has served as chair of the UK-headquartered bank for nearly eight years, had said last month he would retire from the board.