HSBC to hire 300 to grow wealth management unitBy Kao Shih-ching / Staff reporterHSBC Bank Taiwan Ltd (匯豐台灣商銀) is to invest hundreds of millions of dollars per year over the next five years to boost its wealth management business in Taiwan, with plans to hire at least 300 financial planners, the bank said on Thursday. The expansion is part of a plan announced last month by London-headquartered parent company, HSBC Holdings PLC, to invest US$3.5 billion in its wealth management services in Asia, with an aim to become a leading wealth bank. “The local market presents ample opportunity for the wealth management business,” HSBC Taiwan retail banking and wealth management head Linda Yip (葉清玉) told the Taipei Times at a media briefing in Taipei. We encourage financial planners to provide the products that meet customers’ demands and risk appetite, not those with higher commissions. The bank aims to grow its assets under management faster than the market, which would require customers’ trust and the bank offering good financial planning, Yip said.

Source: Taipei Times March 19, 2021 15:56 UTC