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HSBC continues expanding its wealth management offering with the latest addition of a portfolio-based advisory solution. HSBC has launched its portfolio-based advisory solution Wealth Portfolio Plus (WPP) targeting its Hong Kong-based Jade segment – clients…
Assets under management at HSBC Private Banking climbed higher, driven in part by more than $9 billion of net new inflows in the first half of 2021. Asia assets under management at HSBC Private Banking grew 25 percent to $193 billion in the first half of this…
HSBC is reportedly the latest global bank to join the Wall Street trend of increasing salaries for junior executives. Salaries of first-year analysts at HSBC’s investment bank will increase from $85,00 to $100,000, according to a report citing unnamed…
The bank has named a long-standing stalwart to enhance HSBC’s client proposition in Qatar. HSBC has named Ibrahim Al Abed as its head of private banking in Qatar, according to an announcement on Wednesday. Based in Qatar, Al Abed reports to Sobhi Tabbara,…
Standard Chartered Private Bank has expanded its Southeast Asia unit with the addition of a relationship manager from rival HSBC. Nipud Sud joins Standard Chartered Private Bank as an executive director and relationship manager, according to a note, effective…
HSBC expects Vietnam’s economy to face challenges related to foreign exchange and interest rates in the second half of this year. Ngo Dang Khoa, head of global markets at HSBC Vietnam, said recent outbreaks of Covid-19 have sparked worries about production…
He will lead HSBC’s investments and wealth solutions team in Asia, which covers global private banking and wealth and personal banking. HSBC has appointed Stefan Lecher as regional head of investments and wealth solutions (IWS), Asia Pacific, with effect from…
She will succeed Virginia Devereux Wong, regional head of funds and ETFs, who will be leaving HSBC Private Banking at the end of June. Lina Lim, regional head of discretionary, Asia, will take on the expanded role of regional head of discretionary and funds,…
HSBC has appointed a successor for the role of wealth and personal banking head in Malaysia after it was left vacant for three months. HSBC named Renee Bullock-Cann as head of wealth and personal banking (WPB) in Malaysia, according to a statement, succeeding…
Huawei chief financial officer Meng Wanzhou’s lawyers claim that HSBC’s internal documents contradict U.S. claims that could result in extradition from Canada. HSBC’s own records reflected Huawei’s continued control over dealings with Iran-linked Skycom, Meng…
HSBC has reportedly lost four bankers in its debt capital markets team covering Chinese state-owned enterprises as the business faces pressure from the Huawei incident and stressed relations with the U.K. Managing directors John Hai and Jiang Song have left…
HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group, furthering the British lender’s non-Asia retreat. HSBC has agreed to sell its French retail bank to the Paris-based banking group in a deal that includes 244 branches, 3,900…
The combined unit will have a 150-strong team and combined assets under management and advice of $53 billion. HSBC Asset Management has announced that it is bringing its alternatives capabilities under a single business unit, HSBC Alternatives, which will…
HSBC has opened access to online trading for private banking clients in Asia as part of $100 million of investment in its core banking and digital platforms in the coming two years. HSBC Private Banking has launched its online trading platform in Asia,…
HSBC Singapore has named a new executive director to its board, while Winston Ngan, who retired as a partner of EY Singapore, joins as an independent non-executive director. Wong Kee Joo, who was appointed as Singapore CEO on 1 June 2021, brings more than 26…
The bank’s headquarters in Central will be open to all employees from Monday, as the fourth wave of Covid-19 infections ease in the territory. Staff will be able to return to their desks subject to seating capacity plans in individual departments, citing an…
