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HSBC announces $3.5 billion investment into Asia wealth business

News Team, 25/02/2021

HSBC has revealed more about its plans to invest over $3.5 billion in the next five years to accelerate the growth of its wealth and personal banking (WPB) business in Asia.

The bank plans to hire more than 5,000 customer-facing wealth roles in the next five years, including relationship managers, investment counsellors and specialists to better support affluent, high net worth (HNW) and ultra-high net worth (UHNW) clients in Hong Kong, Singapore and mainland China.

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