Change - Announcement of Appointment::Appointment of Group Chief Executive Officer

Issuer & Securities

Issuer/ Manager
GREAT EASTERN HOLDINGS LIMITED
Securities
GREAT EASTERN HLDGS LTD - SG1I55882803 - G07
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Aug-2024 17:18:13
Status
New
Announcement Sub Title
Appointment of Group Chief Executive Officer
Announcement Reference
SG240828OTHRJ24E
Submitted By (Co./ Ind. Name)
Jennifer Wong Pakshong
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Group Chief Executive Officer

Additional Details

Date Of Appointment
01/11/2024
Name Of Person
Gregory Thomas Hingston
Age
52
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
The Nominating Committee (NC) looked at internal candidates in Great Eastern, and also commissioned an executive search firm to conduct a search within and outside Singapore to identify a suite of strong candidates. After a rigorous and extensive process, a final shortlist of internal and external candidates was considered. The NC and the Board finally selected Mr Gregory Thomas Hingston as the most suitable candidate for the Group CEO role given the Group's strategy to grow and expand beyond its core markets of Singapore and Malaysia, and taking into consideration, amongst others, his qualifications, track record, insurance and financial industry experience, competencies and skills.

Mr Hingston is currently residing in Hong Kong and will relocate to Singapore by the date of his appointment.
Whether appointment is executive, and if so, the area of responsibility
Yes, as Group Chief Executive Officer
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer
Professional qualifications
Post Graduate Diploma in Management Studies, Templeton College, Oxford University (UK)

Chartered Institute of Marketing Diploma, London Metropolitan University (UK)

2.i Hons Bachelor of Arts, Business and Marketing, London Metropolitan University (UK)
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
HSBC Global Services (Hong Kong) Limited (CEO, HSBC Global Insurance and Partnerships) - February 2022 to October 2024

The Hongkong and Shanghai Banking Corporation Limited (Interim Head of Wealth and Personal Banking, South Asia) - January 2022 to June 2023

The Hongkong and Shanghai Banking Corporation Limited (Regional Head of Wealth and Personal Banking, Asia Pacific) - April 2020 to December 2021

The Hongkong and Shanghai Banking Corporation Limited (Head of Retail Banking and Wealth Management, Hong Kong) - January 2016 to December 2020

HSBC Bank plc (Interim Head of Customer Value Management, Retail Banking and Wealth Management UK) - May 2015 to December 2015

HSBC Bank plc (Regional Head of Retail Banking, Europe, Middle East & Africa) - January 2015 to December 2015

HSBC Bank plc (Head of Customer Value Management and Head of International, Retail Banking and Wealth Management Europe) - January 2014 to January 2015
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
Canara HSBC Life Insurance Company Limited: Non-Executive Director

EPS Company (Hong Kong) Limited: Chairman and Director

Hang Seng Insurance Company Limited: Non-Executive Director

HSBC Broking Forex (Asia) Limited: Director

HSBC Broking Futures (Asia) Limited: Director

HSBC Broking Securities (Asia) Limited: Director

HSBC Broking Securities (Hong Kong) Limited: Director

HSBC Broking Services (Asia) Limited: Chairman and Director

HSBC Insurance (Asia) Limited: Chairman and Non-Executive Director

HSBC Insurance (Asia) Limited: Director

HSBC Insurance (Asia Pacific) Holdings Limited: Chairman, Director and Chief Executive

HSBC Insurance Brokers Greater China Limited: Non-Executive Director

HSBC Life (International) Limited: Chairman and Non-Executive Director

HSBC Life (International) Limited: Director
Present
Nil
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Not applicable
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
Not applicable

Attachments

Great Eastern - Media Release.pdf
Total size =146K