In preparation for local business expansion, HSBC Thailand is working to raise additional funds and secure a new licence, in line with the nation’s economic growth. The bank’s capital is set to increase by 3.1 billion baht, reaching 25.7 billion, according to chief executive Giorgio Gamba. Furthermore, HSBC Thailand is seeking a new business licence from the regulator to bolster its existing operations, which span wholesale banking, market and securities services, and private banking.
The bank’s primary clientele consists of high net worth individuals with a minimum of US$2 million in assets under management, as well as local and international corporations. By 2023, HSBC Thailand aims to achieve significant business growth, in line with the projected GDP growth of both Thailand and the Asean region.
Gamba stated that the bank…
