HSBC seeks to triple billionaire clients in Greater China push

Pedro Gonçalves
clock • 1 min read

HSBC is looking beyond the current health crisis and towards the long-term, as it is confident that it can triple the number of billionaire clients in the Greater China area in the next three years. Europe's biggest bank, along with rivals including UBS and Credit Suisse are targeting the fastest-growing wealth management market in the world. HSBC is expanding its private-banking presence to tap into that wealth. "This ultra high-net worth piece is very, very critical for us," Tan Siew Meng, Asia Pacific head of global private banking, said in an interview with Bloomberg in Hong Kong....

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