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HSBC 1H21 wealth business sees strong growth in Asia, with client base expanding 7% and revenue up 26% YoY

Source: HSBC

HSBC’s Asia wealth strategy continued to deliver in 1H21, with 7% more affluent/HNW clients and revenue up 26% YoY. On the back of the recovery of global economic conditions and a cost-effective transformation plan, the British lender’s 1H21 results beat estimates with reported pre-tax profit up 151% from US$4.3 billion to US$10.8 billion and all geographical regions returning to profitability….

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