HSBC builds UHNW team to cater for Asia's wealthiest

Pedro Gonçalves
HSBC builds UHNW team to cater for Asia's wealthiest

HSBC is assembling a team to court ultra-high-net worth clients in Asia as wealth managers look to a part of the world where the number of billionaires are increasing at a faster rate than North America or Europe, Bloomberg reports. Hiring for the new business will be part of the bank's plan to add 700 private banking jobs in Asia by 2022. Gabriel Tam, previously with Bank of America, has been named Asia head of UHNW solutions to serve clients with HSBC's products within its private bank a...

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