Banking giant HSBC has revealed plans to create a global wealth management hub in the UAE by 2024.
“The new year marks the 75th anniversary of the presence of the bank in UAE,” said Abdul Fattah Sharaf, group general manager, chief executive of HSBC in the UAE and head of international at HSBC Bank Middle East.
“HSBC commits to grow its wealth management brand and continue efforts to almost double our assets under management during the coming three years.
“As we celebrate our 75th anniversary, HSBC has ambitious plans for growth in UAE as we help our customers to bounce back from covid-19 and return to growth again,” he added.
The firm’s move follows the introduction of an online trading platform for its UAE clients in July 2020, which allows HSBC’s retail customers to trade shares and ETFs on major stock exchanges in real time.
