Wholesale banking referrals good for over 60% of NNM at HSBC PB and Global AM in 2020

25 February 2021 | 3 minutes read

As HSBC shifts its focus to growing the Wealth and Personal Banking (WPB) business in Asia, attracting new clients and engaging better with existing commercial and corporate clients will form the cornerstones of its business strategy. In 2020, more than 60% of net new money (NNM) in both the private banking and asset management divisions originated from wholesale relationships. After…

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