Standard Chartered is reportedly planning to expand its headcount in Hong Kong with anticipation of tailwinds in the wealth management business.
Asia-focused British lender Standard Chartered is planning to add 300 to 500 additional staff in Hong Kong, according to an «SCMP» report citing Mary Huen, up from the current headcount of 5,800.
«We need to hire more people as we expect there will be good growth in loan and wealth management demand this year,» said Hong Kong CEO Huen during a post-results briefing on Friay. «The reopening of the border is set to increase business opportunities in the Greater Bay Area, green finance, fintech and wealth management.»
Last Thursday, Standard Chartered reported an annual pre-tax profit increase of 28 percent to $4.3 billion in 2022, fuelled by higher interest income. Asia registered $3.7 billion in pre-tax profit and Hong Kong accounted for 33 percent of income generated in the region.
