HSBC to target wealth management in its latest strategic shift ...Qatar

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HSBC Holdings Plc’s search for growth is targeting wealth management as a potential new profit engine as it deepens its focus on Asia. In a presentation this week outlining the embattled lender’s second strategic reset in a year, chief executive officer Noel Quinn told about 250 top managers that HSBC aims to become one of the world’s biggest wealth managers. Quinn said on the Tuesday call that the bank would “invest at scale” where it sees the greatest opportunity, pointing to Asia, the UK and the Middle East as likely areas for expansion, according to a document seen by Bloomberg. A spokeswoman for HSBC declined to comment for this article. While HSBC is the biggest international bank in

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Last updated : 12 February 2021 clock 09:31 PM

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HSBC to target wealth management in its latest strategic shift ...Qatar

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