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HSBC Outpaces Hiring Goals For Chinese Wealth Arm, Mulls India Move Report

November 10, 2021
Source: wealthbriefingasia.com wealthbriefingasia.com
News Snapshot:
The bank has opened up about its hiring goals for the Chinese retail wealth management business and is thinking about re-entering the Indian onshore private banking market. HSBC is already beating its hiring targets for its Chinese retail wealth management business and is exploring re-entering India's private banking business, a report quoting senior executives said. The UK/Hong Kong-listed group is spending $3.5 billion on its wealth and personal banking business. "We are the leading international bank in China, so we want to squeeze that opportunity," CEO of wealth and personal banking Nuno Matos, one of four senior executives moving to...
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