SINGAPORE: HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, senior executives say, as part of its plan to make Asia and wealth key pillars of growth.
Under a strategy spearheaded by Group CEO Noel Quinn, HSBC is ploughing US$3.5bil (RM14.53bil) into its wealth and personal banking business, in line with its ambition to become Asia’s top wealth manager by 2025.
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