HSBC has confirmed it is on track to add more than 300 wealth staff in Asia by the end of this year, as it redoubles its focus on the region.

The bank has previously said it wants to add upwards of 1300 wealth jobs by 2022. These would be roughly equally split between its retail wealth management business, which deals with wealthy clients with less than $5 million in investible assets, and its private bank, which takes on clients over this threshold.

Most of these positions would be based in Singapore and Hong Kong.

“The target to reach 300-plus by end of 2019 is underway, with close follow up and actions in...