Asia accounts for 42 per cent of HSBC's total private banking assets, making it the single largest market. The region also accounts for the biggest share of the bank's overall revenue.
Mr Simoes said the private banking business was sticking to its target announced last year of adding 700 people to its Asia unit by 2022 from a headcount of 1,100 at the end of 2017. Three hundred bankers have already been hired so far, he said.
Source: News Formal (newsformal.com)
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