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HSBC Sticks to Plan for Asia Wealth Hiring After Exits of Key Executives

  • Bank plans to hire more than 600 staffers for wealth strategy
  • CEO John Flint, Greater China head Helen Wong left last month
Views of HSBC Ahead of Interim Results
Photographer: Paul Yeung/Bloomberg

HSBC Holdings Plc is sticking with hiring plans for its wealth business in Asia following the surprise exit of two senior executives who pushed for the strategy.

The London-based bank is on track to hire more than 600 staffers by the end of 2022 for the business in the Asia-Pacific region, according to Kevin Martin, regional head of retail banking and wealth management. More than 300 are likely to be hired through this year within his division, which includes HSBC’s Jade service that targets customers with account balances of more than $1 million, he said.