Wealth management is the most attractive segment for growth and profitability, asserted a slide that accompanied the presentation of HSBC's latest full-year results.
The slide was presented by Nuno Matos, the head of HSBC’s wealth and personal banking division, who said wealth management has low capital requirements and generates high returns on a recurring basis.
This may come as a surprise to anyone that has observed the travails of HSBC’s Swiss-based priv...
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