HSBC Global Private Banking leverages connectivity expertise with global financial banking institutions. HSBC supports high net worth, ultra-high net worth individuals and families across Asia amid pandemic uncertainty. Siew Meng Tan, regional head of HSBC said that there have been a bulk of clients seeking HSBC’s guidance.
HSBC has the strategy that can go beyond helping. It provides opportunities for their clients to open for global opportunity while maintaining wealth sustainability. Global markets start to open this year while battling pandemic. Economies reopen and consumer confidence returns. But risk remains. Negative impact for investment decision and portfolio management are the current turbulence.
Tan argues that sustainability should become the key focus of investors today. It is the actual investment combined with sustainable outcomes. Tan also predicts that investors must notice areas that will grow in post pandemic such as healthcare and education. In order to grow in a long term profit, Asia is going towards net-zero transition and consumption.
Diversifying investors’ portfolios across assets and geographies optimally is one of HSBC’s risk management to help investors. Now, Asian investors are majorly investing in private assets. Based on HSBC, investing in private assets allows the investors to avoid volatility impacted from public markets.
Tan adds that investors should demand for structured products. This is because structured products can gives the stock overview on how it will go up or down. Another strategy would be geographical diversification for ultra-high net worth families. HSBC is talking about families with a global lifestyle to leverage international networks.
So far, HSBC helps entrepreneurial families by understanding their needs in businesses, private wealth, as well as generations. Then, HSBC is being flexible with digital investment using various platforms such as WeChat and WhatsApp. Digitalization is one of the effective ways for HSBC to serve clients.