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HSBC LOOKS TO DOUBLE UK WEALTH BUSINESS AS BANKS TARGET 'MASS AFFLUENT'

  • NEWS Desk Global
  • Aug 26, 2024
  • 1 min read



HSBC aims to double the assets under management in its British wealth business to 100 billion pounds ($131 billion) in the next five years, the division's head told Reuters, joining rivals in targeting more fee income from the UK's 'mass affluent'.

The lender aims to become a top five player in Britain, leaning on its global reach to attract customers who bank with it in more than one market or who are from overseas.

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