Aiming to be best in class wealth products and services to clients in Asia. Expanding its wealth management footprint in Southeast Asia.
Siew Meng Tan, Regional Head of Global Private Banking, Asia Pacific HSBC
This latest strategic move demonstrates HSBC’s continued commitment to invest in its wealth and international capabilities.
The new private bank in Thailand is HSBC’s second onshore business in South East Asia after Singapore and will provide clients access to international capital markets by leveraging its existing infrastructure of advisory, investment methodologies, controls and systems in Asia. The team in Thailand will cover client management and advisory services while clients’ assets will be booked in HSBC Private Banking in Singapore, a preferred wealth management hub for Southeast Asian HNW individuals where HSBC continues to expand its…
