HSBC Hires Wealth Teams Across Asia.

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HSBC has announced the launch of a new global business, combining retail banking and wealth management and global private banking. Recruitment for wealth teams across Hong Kong, Singapore and mainland China is on track. HSBC’s new unit will become one of the world’s largest global wealth managers with $.4 trillion in assets, with nearly half of…

These countries lead the way for global UHNWI growth

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The global UHNWI population is forecast to grow by 22% in the five years to 2023, meaning an extra 43,000 people will enter the wealth bracket defined with a net worth of over $30,000,000. Knight Frank, a global property consultancy, which announced the findings on Wednesday, said the increase meant one new UHNWI created every…