HSBC Bank Opens a Wealth Management Centre in Taipei

HSBC Bank has launched a wealth management centre in Taipei to offer customers comprehensive financial planning and investment strategies.

HSBC's Wealth Centres are designed to help connect its customers to their global network, wealth led service and financial solutions, all delivered by a team of on-site banking specialists. 

The new expansion in Taipei aims to address the needs of its clients, offering them strategies that use financial product and services. The services that are needed to manage the customer's assets will be coordinated and a strategic plan for their current and future plans and needs will be created with the client.

After finishing the establishment of the new management centre, HSBC will continue investing in employees, service platforms and financial technology, said Nuno Matos. The wealth and personal banking chief executive of HSBC also mentioned that Taiwan is an important market in Asia and that its high-net-worth customers make up about 10% of the region’s population.

By the end of this year, HSBC saw its pre-tax profit coming from wealth management and personal banking increase by 70% annually from the first half of 2022. The client base for wealth management showed twofold growth year-on-year in 2021 in Asia. For HSBC, the number of high-net-worth clients grew by 40%, while the assets under management rose by 22% from a year earlier, continued Matos. 

(Source: The Paypers)