The Business Times
business-time-50

HSBC to open 3 wealth centres in Singapore by Q1 2025 as part of pivot to wealth banking

Client-facing roles to increase by more than a third by 2028 to sustain growth momentum

google-preferred-sourceAdd BT as a preferred source
Tan Nai Lun

Tan Nai Lun

Published Tue, Jun 4, 2024 · 05:30 PM
    • Wong Kee Joo (left), CEO for HSBC Singapore, and Ashmita Acharya (right), head of wealth and personal banking at HSBC Singapore which aims to be the "wealth manager of choice" for affluent Singaporeans and international professionals.
    • Wong Kee Joo (left), CEO for HSBC Singapore, and Ashmita Acharya (right), head of wealth and personal banking at HSBC Singapore which aims to be the "wealth manager of choice" for affluent Singaporeans and international professionals. PHOTO: HSBC

    HSBC plans to open three wealth centres in Singapore by the first quarter of 2025, as part of its strategy to build its international and wealth propositions.

    The bank is increasing its investments fivefold in its physical network, as it pivots its branches into wealth centres “to facilitate comprehensive wealth conversations with clients”, it said on Tuesday (Jun 4).

    The three centres will be in the central business district (CBD), as well as the east and west regions of Singapore. The first centre will open in the CBD in June.

    HSBCWealth managementglobal wealthBanksHigh net worth individuals

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    The Open category COE rose S$2 to S$129,002.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The suspension at Manulife comes amid a broader, coordinated crackdown on cross-border wealth channels.

    Manulife pulls loan product for rich Hong Kong clients after scrutiny

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More