HSBC Private Bank takes the best for succession planning award in Asia, for building what is the region’s most comprehensive and multi-jurisdictional succession-planning platform.
Asia is moving through a period of significant intergenerational wealth transfer, as high-net-worth (HNW) and ultra-high-net-worth (UHNW) assets become more diversified and geographically dispersed. Families are increasingly multi-jurisdictional, reshaping the way wealth must be structured and governed.
Adding family dynamics and the intense emotions and sensitivities that naturally coincide with significant life events, like the passing of a generation, and the complexity involved in private client succession planning in today’s market becomes ever so clear.
This rising complexity plays directly into HSBC’s succession planning strengths.
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