Awards for Distinction 2024 – Best Private Bank – Wealth Planning

Best Private Bank Wealth Planning

 

HSBC Global Private Banking

Best Private Bank – Wealth Planning

Henry Lam

regional head, wealth planning, Asia Pacific

“HSBC has been partnering with the region’s families for generations, helping them to navigate the tricky process of transferring their wealth and values seamlessly to build a sustainable legacy across generations.

“This award is an affirmation of the strength of our powerful one-bank model that provides clients with end-to-end coverage across our global network and our commitment to holistic planning that looks at people and purpose, not just wealth. For nearly 80 years, our trust and fiduciary services business has played a key role in supporting families with increasingly complex multi-jurisdictional needs. Our in-house specialists cover trusts, insurance, family governance, family office and philanthropy advisory.

“With Asia now on the verge of one of the greatest wealth transfers in history, it is more critical than ever for the region’s families to partner with an experienced team which understands their aspirations, needs and demands. We treasure this responsibility and are committed to being the partner of choice for this generation and the generations to come.”

What was behind the judges’ decision?

  • One of the bank’s key strengths lies in its extensive on-the-ground presence across major Asian markets, including Hong Kong, Singapore and mainland China. This local knowledge helps the bank to provide seamless cross-border collaboration for its clients.
  • HSBC GPB’s wealth planning capability is further enhanced by its integration with the broader HSBC Group. Backed by an in-house trust and insurance platform, the bank fully delivers end-to-end support to families to achieve their legacy goals.
  • The bank’s awareness of patience in wealth planning helps with its role of facilitator in family conversations. Instead of throwing out a grand plan straight away, HSBC GPB is keen on equipping clients with the most suitable tools as their needs evolve.

What we said…

“HSBC Global Private Banking (HSBC GPB) stands out as a leader in wealth planning across Asia for its deep regional expertise, innovative solutions, and international connectivity. The combined strengths enable the bank to address the complex needs of ultra/high net worth clients in a volatile world,” said Stanley Yupu Li, reporter, Asian Private Banker.

“The bank saw unprecedented demand from mega clients for wealth planning in 2024. The same year, HSBC GPB also swept Hong Kong with a campaign for legacy planning featuring the city’s homegrown superstar Tony Leung.

“The wealth planning mindset runs through every corner of HSBC GPB with its frontline relationship managers regularly being trained on important planning ideas such as trust structure and family offices.

“For these reasons and more, Asian Private Banker is delighted to present the award to HSBC GPB for its unwavering commitment to not only creating but preserving wealth for clients and their next generation.”


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