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HSBC PB’s referral business jumps 70% as rejuvenation project bears fruit

HSBC’s multi-year project to re-engineer and reposition its global private banking division as the binding agent for entrepreneurial and next-gen clients is bearing fruit. And nowhere more so than here in Asia, where more than 60% of net new money flows year-to-date are attributable to collaboration across divisions amid an overall 70% pickup in referral business. As at the end…

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