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MOVES -HSBC names new global co-heads for securities services business
Posted on Wednesday September 19, 2018
HSBC Holdings Plc has named Allegra Berman and Richard Godfrey as global co-heads for its securities services business with effect from Oct. 1, according to an internal memo seen by Reuters on Wednesday. Berman joined the British lender from UBS in 2013 as head of global banking's public sector group, while Godfrey joined HSBC in 2004 and has held a variety of roles within the securities services business, the memo said.
HSBC Is Making a Bet on Asia Millionaires
Posted on Monday September 17, 2018
HSBC Holdings Plc is planning to increase its wealth-management staff in Asia as Chief Executive Officer John Flint bets on growth in the region. The bank plans to add more than 1,300 positions, split roughly between retail and private banking, by 2022, according to the heads of the two divisions, which between them currently employ just over 32,000 people in the region. The bulk of the hires, some of which could be internal, will be in Hong Kong and Singapore.
HSBC to Add 700 Staff and Double Client Assets in Asia Unit
Posted on Wednesday September 12, 2018
HSBC Holdings (HSBC) to employ nearly 700 people and double client assets in the Asia private banking unit, with an aim to grow business in the region.
HSBC to bolster Asia private banking headcount, double client assets
Posted on Tuesday September 11, 2018
HSBC Holdings Plc aims to increase its Asia private banking headcount by two-thirds in five years and double client assets in eight as it eyes a bigger share of the business in the world's fastest-growing wealth market, top executives said. The lender's private banking expansion plan in Asia, which accounted for 75 percent of group-level profit last year, comes as the unit that caters to the rich is focusing once more on growth after years of painful restructuring. "Asia is the key driver for future profitability in the private bank ... it's been the driver for growth even through the difficult times and it's always remained profitable," Peter Boyles, CEO of HSBC's global private banking business, told Reuters.