Best Private Bank Wealth Continuum
HSBC Global Private Banking
Best Private Bank – Wealth Continuum
Stefan Lecher
regional head of Investments and Wealth Solutions, Asia Pacific
“We are delighted to be recognised once again for our ability to deliver market-leading ideas and solutions across the full spectrum of our clients.
“Our wealth continuum model is a key differentiator and something we’re proud of. It enables us to build deeper, more enduring relationships by being relevant at every point of our clients’ wealth journeys. Over the past year, we’ve been busy making our continuum even more effective and value-adding by expanding access to content and solutions and enhancing the digital experience for our clients and colleagues.
“We’re pleased with the results we’ve achieved but even more excited about what’s to come. Thank you, Asian Private Banker, and thank you to our clients for your ongoing trust and partnership.”
What was behind the judges’ decision?
- Over the year, the bank has prioritised integrating and enhancing its wealth transformation model, supported by a refined client segmentation strategy, including introducing its Private Client segment tailored for clients with assets between US$2 million and US$5 million. By solidifying its position as Asia’s leading wealth continuum bank, HSBC has achieved strong growth in AUM, client base and revenue.
- By further enhancing its digital capabilities, the bank has streamlined access to its CIO insights and product platforms across private banking digital channels, including the rollout of Insight Lab for HNW and UHNW clients. This initiative has significantly boosted operational efficiency and deepened client engagement. The bank’s market-leading advisory tool, PRISM Advisory, has been especially popular among affluent and HNW clients, contributing to record-breaking net new invested assets.
- In just one year since acquiring Citi’s consumer banking business in Taiwan, HSBC GPB has successfully onboarded a significant number of wealth clients onto its platform, driving robust growth in its onshore Taiwan business. This achievement not only reinforces HSBC’s leading position in the market but also highlights its global wealth corridors, enabling clients to access its premium services across Asia and beyond seamlessly.
What we said…
“HSBC Global Private Banking’s achievement of winning the Best Private Bank – Wealth Continuum award for the fourth consecutive year is a strong testament to the bank’s commitment to delivering a comprehensive wealth management platform and its continuous efforts in creating innovative solutions for clients across the entire wealth continuum,” said Carly Lau, senior reporter, Asian Private Banker.
“In 2024, HSBC Global Private Banking continued to evolve its wealth transformation model, enabling retail and mass affluent clients to be seamlessly upgraded to Global Private Banking through a diligent re-segmentation process. This initiative has resulted in significant growth in new clients and assets, as well as a strong boost in revenue.
“With innovation at its core, HSBC has significantly enhanced its digital capabilities in 2024, achieving a digital upgrade every three days. The bank has also expanded its product suite with new offerings and extended solutions across various regions, creating a strong synergy of services for clients across different wealth segments.
“For all these reasons and more, HSBC continues to demonstrate its market-leading services and platform for clients, whether they are new to wealth or part of mega-rich families. Asian Private Banker is thrilled to congratulate HSBC Global Private Banking on its success at the Awards for Distinction 2024.”
Contact Us
All awards related enquiries to
[email protected]
+852 8191 7196
All images and content © Asian Private Banker
