HSBC Plans to Triple Billionaire Clients in Greater China Push
- Bank says virus won’t derail long-term asset growth targets
- Ultra high-net worth client ‘critical piece’ of China strategy
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HSBC Holdings Plc is looking past the coronavirus turmoil, confident that it can triple the number of billionaire clients in the Greater China area in the next three years as the firm expands its private-banking presence.
“This ultra high-net worth piece is very, very critical for us,” Tan Siew Meng, Asia Pacific head of global private banking, said in an interview in Hong Kong. “It is one of the key focuses that we’re putting in place to ensure that we’re going to deliver on the broader strategy.”