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.

HSBC Group Chairman Mark Tucker will return to Hong Kong-based insurer AIA Group as its new group board chairman. Tucker will step down from his role at HSBC and resign from the board on Sept. 30, the bank said Friday.