Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • My IA
    • Events
    • Directory
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

HSBC opens wealth management centre in Taiwan

By Michelle Ng, 21 Dec 22

The bank plans to establish two more wealth offices in 2023

HSBC has opened a wealth management centre in Taiwan. The flagship centre is located at the bank’s Taipei branch in the Xinyi district and serves private banking and high-net-worth clients.

The centre is equipped with an “international financial centre”, which allows clients to manage cross-border finance accounts.

“We observe that Taiwan’s wealth market has been rapidly growing in recent years,” said Linda Yip, HSBC Bank Taiwan Limited’s head of wealth and personal banking.

“Clients would be able to consult and plan their wealth management needs, such as wealth growth, children’s education, retirement and legacy planning, with their exclusive financial advisory teams in a comfortable environment.”

Apart from the Taipei centre, the banking group also plans to establish two other wealth management centres in Taoyuan and Taichung in 2023.

The three centres are going to cost around TWD100m (£2.6m, $3.2m, €3m), according to HSBC.

The bank added that its assets under management recorded a 22% year-over-year growth in 2021, while the number of private banking clients has recorded double-digit growth.

During the first half of 2022, HSBC Taiwan’s pre-tax profit from its wealth management and personal banking business rose by 70% compared with the same period in 2021 to $19m, according to company data.

This article first appeared on our sister publication Fund Selector Asia.

Tags: HSBC

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Best Practice

    TISA welcomes spotlight on poor access to financial advice

    Vector illustration. Team work business concept. Two businessman working on to match puzzle. Pushing to connecting puzzles together.

    Investment

    Bermuda investment company makes play for Ocean Wilsons Holdings

  • Health & Protection

    Partners Group opens regional office in Abu Dhabi

    Health & Protection

    Triangle Life invites HNW brokers to its network


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.