HSBC Investment Management Expands into UAE to Capture Rapidly Growing Middle East Wealth Market

Deep News01-12

HSBC Holdings PLC's asset management division has secured regulatory approval to establish a branch in the United Arab Emirates, marking its entry into one of the world's fastest-growing wealth markets. The new branch in Dubai will introduce 10 onshore funds to investors, according to HF Ho, Chief Executive Officer for Asia-Pacific and the Middle East at HSBC Investment Management. "We are committed to the Middle East market for the long term; it represents one of the globe's most rapidly expanding wealth markets," she stated in an interview. HSBC is strategically pivoting its focus toward Asia and the Middle East, intensifying investments across corporate banking, investment banking, and wealth management divisions as part of its broader growth strategy for the region.

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