HSBC has reported its first quarterly results after the announcement of its “pivot to Asia” strategy with an emphasis on the region’s burgeoning wealth markets — beyond its traditional focus on Hong Kong. 1Q21 Asia Wealth balances — which include PB client assets, retail wealth balances, Premier and Jade deposits, as well as asset management distribution — climbed 18% YoY….
HSBC’s Asia Wealth strategy off to a solid start, with wealth balances up 18% YoY
