HSBC Builds UK Wealth Bet in Race to Hit £100 Billion Goal
An HSBC Holdings bank branch in St. Albans, UK.
Photographer: Chris Ratcliffe/BloombergHSBC Holdings Plc is ramping up growth plans for its UK wealth-management operations as Europe’s largest bank seeks to double the assets it oversees for well-heeled individuals in its home nation.
The London-based lender is undertaking a recruitment drive for bankers to cater to affluent, high-income and super-rich individuals, according to a statement and interview on Tuesday. The bank is also opening 50 dedicated spaces this year to bolster its wealth services in flagship branches across Britain.