HSBC sticks to plan for Asia wealth hiring after exits of key executives

HONG KONG - HSBC Holdings is sticking with hiring plans for its wealth business in Asia following the surprise exit of two senior executives who pushed for the strategy.

The bank opened an outlet in Shanghai last month for its new Jade wealth program. It plans to open one in Beijing as well, and a few more in Hong Kong next year, Martin said. The focus of the hiring will be in Hong Kong, Singapore and China, he said. HSBC has been through turbulent times since announcing a year ago it would add more than 1,300 positions in retail and private banking in Asia by 2022. Aside from the departures of chief executive officer John Flint and Greater China head Helen Wong last month, HSBC is maneuvering in choppy waters, with protests slowing Hong Kong's economy and trade tensions between the US and China remaining heated.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

HSBC Private Banking makes 3 key appointments in APACHSBC Private Banking on Tuesday announced the expanded role of Cynthia Lee as regional head of private wealth solutions (PWS) for Asia-Pacific (APAC), based in Hong Kong, as well as the appointment of Steven Weekes as head of PWS for South-east Asia, based in Singapore. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asia stocks rattled as Trump impeachment bid raises new risksTOKYO (REUTERS) - Asian stocks fell on Wednesday (Sept 25) after US lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world's largest economy.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »