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Good momentum in wealth business plays out in HSBC FY21 results

Source: HSBC

Announcing the FY2021 results, HSBC Group CEO Noel Quinn sounded confident about the prospects for growth in Asia and spoke of carrying “a good momentum coming into 2022”. Net New Assets (NNA) in FY21 increased 21% YoY to US$64 billion, of which Asia accounted for US$36 billion, a YoY jump of 138%. In Wealth and Personal Banking (WPB), the reported…

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