HSBC Singapore to roll out new banking solutions

HSBC Singapore is widening its education proposition through the imminent launch of several banking solutions.

The move comes as an HSBC global report – also released today – showing Singaporeans are among the highest financial contributors for children’s tertiary education in the world.

HSBC is entering a period of expansion in its Asian markets, taking the international bank back to focusing on its historic roots. The Asian business is working to meet targets to increase its private banking headcount in the region by two-thirds in five years.

Anurag Mathur, head of retail banking and wealth management said: “Singaporeans place a premium on their children receiving a university education, and they’re prepared to pay for it.

“We have been building our platforms, solutions and capabilities to help Singapore parents and students fund their future – and more is to come.”

Currently, HSBC Singapore supports parents across their children’s education lifecycle including education savings plans; access to overseas banking; access to on-the-ground relationship managers across 66 markets or territories; and the ability to internationally transfer money to children’s domestic and overseas accounts in real-time.

Christopher Copper-Ind
Christopher Copper-Ind is Publisher and Editor of International Investment. His previous publishing experience focused largely on the Middle East and emerging markets, and he was Editorial Director of The Business Year, based in Istanbul, for three years before moving back to London in 2017. He is the author of How to Negotiate, to be published by Macmillan in 2019.

Read more from Christopher Copper-Ind

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