Awards for Distinction 2022 – Best Private Bank – Wealth Continuum

Best Private Bank Wealth Continuum


HSBC Global Private Banking

Best Private Bank – Wealth Continuum

Stefan Lecher

regional head of Investment & Wealth Solutions, Asia Pacific

We are delighted to receive this recognition for the second year running. With our unique continuum model, we aim to be the primary wealth manager for clients in Asia across all segments, and their trusted partner as their needs evolve.

To this end, we are working hard to ensure clients are supported by the very best actionable ideas, personalised advice and portfolio solutions embedded in a rigorous wealth planning approach. 2022 was a watershed year in this regard.

Against a challenging backdrop, we delivered new and innovative solutions covering all classes and CIO themes, launched with HSBC Prism a new active advisory service, and enhanced our digital client journeys — ultimately deepening our client relationships across the region.

What was behind the judges’ decision?

  • During the period under consideration, HSBC Global Private Banking launched a number of initiatives that enhanced its proposition in the mass affluent segment. For HSBC Premier, these included Future Planner, which allows clients to set long-term financial goals; Wealth Coach, a financial advice platform aimed at millennials; passporting for financial products across Hong Kong, mainland China and Singapore; and Prism, a hybrid advisory service for continuum clients in Hong Kong
  • There was strong evidence of increased and effective collaboration across HSBC group and client continuum, demonstrated by a significant rise in client referrals, including from commercial, global and retail banks
  • The bank also did more to offer ESG and alternatives-focused products across the entire wealth spectrum. For example, more than 30 ESG funds were offered and a number of private placements conducted their book build jointly across the private banking and wealth businesses

What we said

HSBC Global Private Banking’s full wealth continuum service model caters for client needs whatever their stage of wealth accumulation, said Daniel Shane, editor of Asian Private Banker.

Across advice and solutions, all clients enjoy access to HSBC’s strongest ideas and the entirety of the bank’s platform. As private banks increasingly look to how they can scale up and serve a broader array of client segments, HSBC is truly leading the way in this regard, and Asian Private Banker would like to congratulate everyone at HSBC Global Private Banking on their success in the Best Private Bank – Wealth Continuum category.

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