HSBC Opens Up Its Investment Bank to Super Rich Asia Clients
- Bank launches new institutional services for family offices
- HSBC to invest $3.5 billion to grow wealth business in Asia
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HSBC Holdings Plc is offering its ultra-rich clients in Asia direct access to its investment bankers as the lender targets becoming a leader in managing wealth in an increasingly affluent region.
The London-based bank, which makes the bulk of its profits in Asia, is introducing new institutional services for its family office in Hong Kong and Singapore, which will give access to a full slate of financing and investment products, deal making and institutional market access, the lender said in a statement on Thursday.