The Business Times
business-time-50
SUBSCRIBERS

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

    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

    Assets under management of physical gold holdings in DBS wealth clients’ portfolios more than doubled over the past three years.

    DBS to launch tokenised physical gold for retail customers in Singapore

    As with past tranches, the S$500 will be split equally between participating heartland merchants and hawkers, and participating supermarkets.

    S$500 CDC vouchers for all Singaporean households from June 11; Government ready to do more if needed: DPM Gan

    MenToo’s launch at Timbre+ One North brought together 12 men’s groups to discuss men’s mental health and masculinity in Singapore.

    Singapore men, are you OK?

    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