BTExclusive: HSBC riding on strong macro environment, expects to gain market share in next 3 years
On a global level, the London-headquartered bank last month reported full-year pre-tax earnings of US$19.89 billion for 2018, up 16 per cent.
Meanwhile, HSBC's 140-year-old Singapore-based franchise has articulated eight priorities: capturing infrastructure; capturing sustainable finance opportunity; scaling up SME business; growing Singapore as an Asean hub; investing in digital capabilities; turning around and growing the domestic retail business; scaling up Singapore as offshore wealth hub; and capturing international flows.
"We are already one of the biggest private banks in Asia. Singapore is a huge base for international wealth, with 10 per cent growth year on year. In about 15 years, we see Singapore overtaking Switzerland as the largest private banking centre in the world. We are positioning ourselves for that."
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Park Sung-hyun posts stunning 64 to win HSBC tournament from 4 strokes backWorld No. 2 Park Sung-hyun of South Korea emerged champion after a brilliant final-round charge at HSBC Women's World Championship at Sentosa Golf Club on Sunday (3 March). The two-time Majors winner made nine birdies en route to an eight-under-par 64 to clinch the elite tournament.
Read more »
School holiday fun: Having a ball with kin-ballSINGAPORE -When Zhang Zilang transferred to a new school last June after his family moved to a new area, he changed his co-curricular activity to badminton as hockey was not offered at his new school.. Read more at straitstimes.com.
Read more »
Emma Bunton and longterm boyfriend Jade Jones file intent to wedEmma Bunton and longterm boyfriend Jade Jones file intent to wed.
Read more »
Park hits 64 to win Women's World ChampionshipRed-hot world No. 2 Park Sung Hyun shot a stunning best-of-the-week round of eight-under 64 yesterday to claim a two-stroke victory at the HSBC Women's World Championship. The 25-year-old South Korean reeled in early leader Australian Minjee Lee by the turn and four birdies...
Read more »
Equal opportunity, you say? Study finds race trumps skills in job huntA recent report from the Center for Governance and Political Studies (Cent-GPS), a Kuala Lumpur based behavioral and social science research firm, con
Read more »
Anwar fights back in power struggle sparked by IslamistsMalaysia’s slated future prime minister Anwar Ibrahim has accused the opposition alliance Islamist component party PAS of having received illegal funds from the former government’s main component party UMNO that was led by former prime minister Najib...
Read more »
Man City eye chance to turn the screw on LiverpoolHaving reeled Liverpool in, champions Manchester City have a chance to start turning the screw on Juergen Klopp's side as they host Watford on ...
Read more »
Parents who treat foster children like their flesh and bloodFor Norlia Ali Marican, having a simple meal at a shopping centre some years ago with a special needs child under her care was a challenging task.
Read more »
'Hunted' Ireland feeling the pressure, says All Blacks coachHaving gone from hunter to the 'hunted' after a brilliant 2018 season, Ireland are struggling to deal with the pressure of being the 'top dog' of ...
Read more »
Jail for man who forged A-Level, NUS certificates to get 38 jobs in 4 yearsSINGAPORE — Having only completed primary school, Chin Ming Lik resorted to forging a variety of education and work certificates, such as a National University of Singapore (NUS)
Read more »