Singapore key to HSBC’s global wealth strategy, says its bank’s wealth head here

[SINGAPORE] As HSBC undergoes a global overhaul of its operations, Singapore remains a key priority of the bank’s strategy to “future-proof” itself, said Ashmita Acharya, head of international wealth and premier banking in HSBC Singapore.

“In the new sphere, there’s a clear realisation that the home market needs to grow faster, but we need to diversify and look at other markets for a stronger future – almost like future-proofing our growth strategy,” she said.

The banking giant announced in October 2024 that it was embarking on an ambitious restructuring of its business worldwide and looking to simplify its organisational structure.