As it moves its structured products capabilities to the region, the UK bank brings retail, wealth and private banking under one umbrella organisation to build up on strong growth in Asian retail and private banking businesses.
HSBC’s new global wealth and personal banking (WPB) business will combine retail banking and wealth management and global private banking becoming one of the world’s largest global wealth managers with US$1.4 trillion in assets. Nearly half of these are from Asia, and structured products represent an increasing portion. With the latest volatility in markets, the bank have seen increased customer demand and interest in its structure products offering with continuous growth in many of
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