HSBC Wealth and Personal Banking’s Post

When it comes to #financial planning, what kind of planner are you? This is an important question, and the answer will differ from one person to another. Effective planning is key, and the way we plan can greatly impact not just achievement of our #goals but also our overall quality of life. Today, we are pleased to share the HSBC Quality of Life Report 2024, a report that explores the priorities, aspirations, challenges of the global affluent population. What are the considerations that determines our quality of life, and how does this span across physical, mental and financial fitness? What’s the top of mind for the affluent globally? We hope the insights in this report inspires you to reflect on your own journey. 📊 Read the report: https://grp.hsbc/6043mCjXb Massive thanks to the team who have supported this #wealth thought leadership report and made this happen for the second consecutive year! Taylan Turan Annabel Spring Lavanya Chari Jenny Wang Ajay Keerthy Sukie Ng Jovy Tsoi Sebastian Enberg Laine Santana Kai Zhang #HSBC #Wealth #QualityofLife

Improve your WEALTH Health Another Financial Wellness Session was recently conducted for the staff of HSBC via Zoom, and it was both engaging and insightful to address some of the audience's pressing concerns. A special thanks to the young and energetic host, Samuditha Samaratunga, for keeping the session lively and entertaining. Kudos to Dilmi Weerasinghe for facilitating the session. We also provided an opportunity for the audience to discover their Money Personality, a crucial element in shaping one's financial well-being and financial landscape. I extend my heartfelt gratitude to the HSBC team for continuing to place their confidence in me. I hope the participants gained valuable insights to enhance their Financial Health. Follow the link in the comments section to learn more about my work in Financial Wellbeing and discover your Money Personality. #FinancialWellness #FinancialHealth #MoneyPersonality #HSBC #ZoomSession #EngagingConversations #FinancialFreedom #WellbeingMatters #MoneyManagement #PersonalFinance #FinancialSuccess #Empowerment #FinancialEducation #ProfessionalDevelopment #LifelongLearning #FinancialWellbeing #EveryMoveCounts #Money

Standard operating procedure when banks need to cut costs fast. Layoffs, the global kind. Happened at Standard Chartered in 2015 when the group posted a $1.8bn loss on account of regulatory fines issued for illicit dollar denominated transactions with sanctioned countries. It was the first time Standard Chartered made a loss in 27 years at the time. The share price tumbled from all time highs of GBP17 in prior years to around GBP4. 75% loss in shareholder value. The shareholders cleaned out the board and found Bill Winters. No surprises he started with headcount cutting 10,000 jobs. At the time Standard Chartered employed around 90,000. Now after nearly another 10 years Bill Winters has succeeded in reshaping the bank, bringing it back to profitability and giving cash back to shareholders in share buybacks.

Lord of the flies! "HSBC managers are competing to keep their jobs in CEO’s revamp". Appropriate in the week of the launch of the new "Gladiator" that HSBC are effectively doing the same thing in a fight for survival. Though why anyone would want to work there is beyond me! I am so glad that I'm an entrepreneur away from these mindless and destructive shenanigans. "HSBC Holdings has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking (CIB) division, as CEO Georges Elhedery continues his hunt for ways to make the bank run more efficiently. Interviews are already underway, according to people familiar with the matter, essentially pitting senior staff who came from the commercial banking division against those from the global banking and markets unit to compete for the jobs available in the combined CIB division. The process will result in the British bank beginning to dismiss several hundred managing directors and other senior bankers in the coming weeks, the people said, asking not to be identified discussing private deliberations. As part of the shake-up, HSBC will phase out its use of the general manager titles that it gives to some of its most senior staff and will instead give those employees managing director titles, a common rank at many major financial services businesses, the people added." What do you think? If you are a job seeker we can help you enhance your personal brand on LinkedIn to help you find a new role, our low cost and highly recommended service details are here on this LinkedIn SmartLink: https://lnkd.in/dqWRi6EZ Link to the story here: https://lnkd.in/gX5xraFP

🌟 Excited to Announce Another Milestone! 🌟 I’m excited to announce that I’ve successfully completed the HSBC - Wealth and Personal Banking Job Simulation course! 🎓 This immersive experience has not only deepened my understanding of wealth and personal banking but also honed my practical skills through hands-on simulations that reflect real-world challenges in the financial industry. 🔍During this course, I had the privilege to: ⚡Engage with Realistic Client Scenarios: From analyzing complex financial portfolios to understanding client needs, I was able to step into the shoes of a Wealth and Personal Banking professional, making decisions that directly impact client satisfaction and financial outcomes. ⚡Develop Tailored Investment Strategies: I learned how to create personalized investment recommendations, balancing risk and reward to meet diverse client objectives. This included assessing market trends, evaluating asset performance, and optimizing investment portfolios to achieve long-term growth. ⚡Navigate Regulatory and Ethical Considerations: The course emphasized the importance of compliance and ethical decision-making in the financial industry. I explored various regulatory frameworks and how they influence investment choices, ensuring that all strategies align with both legal requirements and client values. ⚡Enhance Client Communication Skills: Effective communication is key in wealth management, and this course provided ample opportunities to practice delivering clear, concise, and impactful recommendations to clients. I learned how to build trust and rapport, ensuring that clients feel confident in the financial strategies being proposed. ⚡Simulate Real-Life Financial Decision-Making: The job simulation included scenarios that required quick thinking and adaptability, such as responding to market fluctuations and adjusting strategies based on changing client circumstances. This hands-on experience was invaluable in preparing me for the dynamic nature of the finance industry. This course has been a transformative learning journey, equipping me with the practical skills and knowledge needed to excel in the world of wealth and personal banking. I am eager to apply these insights and strategies in future professional roles, contributing to effective and client-centered financial solutions. A heartfelt thank you to Forage and HSBC for offering such a comprehensive and practical learning experience! 🙏 Check out the simulation here: https://lnkd.in/dgwn9GSq #HSBC #Wealth_Management #MahmoudTaha #Personal_Banking #Professional_Development #Financial_Services #Learning_Journey #Mahmoud_Taha #Forage

HSBC's Quality of Life survey shows that Asia’s affluent are increasingly prioritizing financial security and protection amid rising costs and health concerns. This shift highlights the growing importance of robust financial planning and protection solutions in the region. #FinancialSecurity #HSBC #QualityOfLife #Asia #WealthManagement

Reapplying for your own job?! HSBC's latest move to cut costs by forcing hundreds of senior managers to compete for their positions might be the boldest - or most reckless - decision in its 159-year history.  On one hand, it signals decisive action from leadership under Georges Elhedery to simplify and realign the bank's sprawling operations. But let’s not ignore the elephant in the room: this is happening while HSBC boasts a *$8.5bn quarterly profit*.  🤔 Here’s what’s really at stake: ✅ Innovation vs. Attrition: How do you inspire innovation if your top talent is busy safeguarding their jobs?   ✅ Short-Term Fix or Strategic Shift? Cutting costs in response to a slowing Chinese economy may be prudent, but is banking *more layoffs* on Asia the best bet?   ✅ Trust Matters: Employees and investors alike may question if this chaos is truly about efficiency - or masking deeper cracks in the foundation.  The financial world has seen its fair share of layoffs, but forcing your executives to battle for survival in a Hunger Games-style process? That’s a new one. 🏹  Does this signify the bold restructuring legacy institutions need - or the dangerous overreach of a company caught between conflicting priorities? #Leadership #HSBC #Innovation #JobCuts #Finance

See how The Huntington National Bank and CAI Neurodiverse Solutions are leading the charge in workplace inclusivity with a fresh wave of #neurodiverse talent. Their commitment to diversity and excellence in IT is already showing remarkable results, with #neurodivergent associates excelling in their roles and enhancing the bank's service delivery. Join us in recognizing the expansion of their neurodiversity employment program, and see how it's creating a lasting impact here: https://lnkd.in/e29q-MQu [ID: On a light blue, gradient background, a quote in blue bolded font can be read: "The [CAI Neurodiverse Solutions] program contributes to a continuous, diverse workforce bringing a variety of talents, skills, and experiences together to help The Huntington National Bank achieve our goals. The success of this program has positively impacted our teams and the communities we serve." In bold and regular font, the speaker of the quote's name is listed at the bottom left of the image, Louise Elliott, Senior Vice President and IT Service Delivery Director, The Huntington National Bank. The CAI logo and tagline can be seen at the bottom right of the image.]

See how The Huntington National Bank and CAI Neurodiverse Solutions are leading the charge in workplace inclusivity with a fresh wave of #neurodiverse talent. Their commitment to diversity and excellence in IT is already showing remarkable results, with #neurodivergent associates excelling in their roles and enhancing the bank's service delivery. Join us in recognizing the expansion of their neurodiversity employment program, and see how it's creating a lasting impact here: https://lnkd.in/gxZnS-Bd [ID: On a light blue, gradient background, a quote in blue bolded font can be read: "The [CAI Neurodiverse Solutions] program contributes to a continuous, diverse workforce bringing a variety of talents, skills, and experiences together to help The Huntington National Bank achieve our goals. The success of this program has positively impacted our teams and the communities we serve." In bold and regular font, the speaker of the quote's name is listed at the bottom left of the image, Louise Elliott, Senior Vice President and IT Service Delivery Director, The Huntington National Bank. The CAI logo and tagline can be seen at the bottom right of the image.]

See how The Huntington National Bank and CAI Neurodiverse Solutions are leading the charge in workplace inclusivity with a fresh wave of #neurodiverse talent. Their commitment to diversity and excellence in IT is already showing remarkable results, with #neurodivergent associates excelling in their roles and enhancing the bank's service delivery. Join us in recognizing the expansion of their neurodiversity employment program, and see how it's creating a lasting impact here: https://lnkd.in/eQjeUNVf [ID: On a light blue, gradient background, a quote in blue bolded font can be read: "The [CAI Neurodiverse Solutions] program contributes to a continuous, diverse workforce bringing a variety of talents, skills, and experiences together to help The Huntington National Bank achieve our goals. The success of this program has positively impacted our teams and the communities we serve." In bold and regular font, the speaker of the quote's name is listed at the bottom left of the image, Louise Elliott, Senior Vice President and IT Service Delivery Director, The Huntington National Bank. The CAI logo and tagline can be seen at the bottom right of the image.]