The London-based bank, which makes the bulk of its profits in Asia, has opened a new institutional family office in Hong Kong and Singapore, which will give access to a full spate of financing and investment products, deal making and institutional market access, the lender said in a statement yesterday.
Like other banks, it has struggled with low interest rates over the past years and is seeking out more fee-based income to boost profitability. In the next decade, about US$1.9 trillion of wealth in Asia will be passed on to the next generation, HSBC said.
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Asian American business leaders launch US$250m effort to combat anti-Asian hate | Malay MailNEW YORK, May 3 — Business leaders launched a five-year, US$250 million drive today to support the causes of Asian-Americans and Pacific Islanders, vowing to set up a national infrastructure for a community targeted by a rising number of racial attacks. The Asian American Foundation will invest...
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