HSBC’s wealth management arm remains in expansion mode with plans to hire around 100 private banking and 300 affluent banking staff by the end of 2022.
HSBC’s global private banking arm plans to hire almost 100 staff by the end of this year across relationship managers and investment counselors, according to a statement, as well as triple the overall team size over the next five years.
In mainland China, it will focus on growing its presence in Hangzhou and Chengdu, in addition to its existing presence in Beijing, Shanghai, Guangzhou and Shenzhen.
HSBC Premier
In addition, the bank also introduced an enhanced offering for its affluent business with the launch of HSBC Premier Elite for clients to gain access to dedicated and personalized services.
It plans to hire over 300 staff by end-2022 to provide more customized services to affluent banking clients.
HSBC currently houses around 90 centers for its premier segment in mainland China alongside a digital wealth management platform.
«In mainland China, we are unique in our ability to deliver the full promise of the bank: unrivaled local and global investment management and markets capabilities, strong digital transaction banking and wealth services, combined with our partnership with HSBC Qianhai Securities Ltd and a rapidly growing business banking network,» said global private banking & wealth CEO Annabel Spring.
