HSBC earnings: Asia private banking unit drives asset inflows

By Kylie Wong , senior data reporter | 19 February 2025 | 4 minutes read

Asia continues to be a key driver for HSBC’s wealth business, with the region accounting for 73% of the bank’s net new invested assets (NNIA) in 2024, driven heavily by the Global Private Banking (GPB) unit, the bank’s latest earnings report shows. HSBC’s NNIA for its Wealth and Private Banking (WPB) business stood at US$64 billion in 2024, of which…

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