HSBC gains assets from Credit Suisse clients

The UK bank attracted US$22bil (RM97.9bil) globally in net new money in the first quarter, with almost two-thirds of that coming from Asia, said HSBC's Matos. — Bloomberg

HONG KONG: HSBC Holdings Plc says it’s picking up clients and staff from Credit Suisse Group AG following the Swiss bank’s hastily-arranged takeover by rival UBS Group AG.

The UK bank attracted US$22bil (RM97.9bil) globally in net new money in the first quarter, with almost two-thirds of that coming from Asia, Nuno Matos, global head of wealth and personal banking, said in an interview.