HSBC to Target Wealth Management in Latest Strategic Shift
- Lender aims to become a ‘market leader’ in wealth management
- Bank to unveil strategic revamp alongside results this month
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HSBC Holdings Plc’s search for growth is targeting wealth management as a potential new profit engine as it deepens its focus on Asia.
In a presentation this week outlining the embattled lender’s second strategic reset in a year, Chief Executive Officer Noel Quinn told about 250 top managers that HSBC aims to become one of the world’s biggest wealth managers.