No matter what competitors do, contending with a 158-year-old banking major with a presence in 64 economies and a wealth balance the size of Australia’s gross domestic product is going to be hard. Especially if it has a knack for reinvention.
HSBC Global Private Banking is all that and more. Hong Kong is the private bank’s biggest and most profitable booking centre, but HSBC also remains Asia’s clear market leader in the high net-worth category, winning this year’s award.
HSBC’s business is solid across both the HNW and the UHNW segments.
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