HSBC launches private banking arm in Thailand

HSBC has announced it is opening a HNWI private banking service in Thailand. The Asia-focused, British-headquartered, bank said its new service will enable clients to better access international capital markets and the bank's worldwide services. Philip Kunz, HSBC's head of global private banking for South-East Asia, said this morning, "In Thailand and across Asia, private wealth is often created and built through business growth and expansion and as intra-regional trade and activity rebound, we expect commercial, people and wealth flows to increase." In recent years two of HSBC's r...