HSBC Wealth and Personal Banking’s Post

HSBC is making major changes! 🚨 Starting January 1, 2025, the bank will streamline operations into four core divisions, aiming to enhance efficiency, improve customer service, and better manage geopolitical challenges. This overhaul includes a new east-west geographic setup and will reduce duplication across its global footprint. Here are the four new divisions: Hong Kong: Personal and Commercial Banking in HSBC's home market. UK: Personal and Commercial Banking, including First Direct and M&S Bank. Corporate & Institutional Banking: Merging global commercial banking (outside of the UK and Hong Kong) with Global Banking & Markets. International Wealth & Premier Banking: Focused on wealth growth, particularly in Asia and the Middle East. HSBC’s CEO, Georges Elhedery, highlighted that this restructuring is designed to simplify decision-making and unlock the bank’s full potential in key markets. A new, smaller Group Operating Committee will lead the charge in driving these changes. Exciting times ahead for HSBC as they focus on delivering growth, innovation, and superior customer service! #HSBC #BankingTransformation #CorporateStrategy #Efficiency #Growth

A #Taste of #Private #Banking: Your #Next #Step #Private banking, a niche within the financial industry, offers a personalized and exclusive service tailored to high-net-worth individuals. If you're intrigued by the prospect of providing bespoke financial solutions and building long-lasting relationships with clients, exploring a career in private banking might be the perfect fit. Here's a #glimpse into what a career in #private #banking entails:** **1. #Personalized #Service:** Unlike retail banking, private banking focuses on providing a highly individualized experience. You'll work closely with clients to understand their unique financial goals, risk tolerance, and lifestyle preferences. This allows you to develop tailored strategies that align with their specific needs. **2. #Comprehensive #Financial #Planning:** Private bankers play a crucial role in helping clients achieve their financial objectives. This involves providing advice on various aspects of wealth management, including investment planning, estate planning, tax optimization, and risk management. You'll need to have a deep understanding of complex financial products and market dynamics. **3. #Relationship #Building:** Building strong and lasting relationships with clients is paramount in private banking. Trust, confidentiality, and exceptional service are essential qualities. You'll need to be able to effectively communicate with clients, understand their concerns, and provide reassurance during volatile market conditions. **4. #Specialized #Knowledge:** To excel in private banking, you'll need to possess a solid foundation in financial concepts and a deep understanding of various investment products. This includes stocks, bonds, mutual funds, derivatives, and alternative investments. Continuous learning and staying updated with industry trends are crucial. #How to Get Started:** 1. ** #Education and #Certifications:** While a degree in finance or economics is often preferred, experience and certifications can also be valuable. Consider obtaining certifications like the Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA). 2. ** #Internships and #Entry-Level Positions:** Gain practical experience by seeking internships or entry-level roles in wealth management or private banking. This will allow you to learn from experienced professionals and build a network within the industry. 3. ** #Networking:** Attend industry events, conferences, and networking functions to connect with professionals in private banking. Building relationships can open doors to potential opportunities. By #combining #education, #experience, and a #passion for helping clients #achieve their #financial #goals, you can embark on a rewarding career in private banking. Remember, building a #successful #career in this field requires #dedication, #continuous #learning, and a #commitment to providing #exceptional #service.

🌟Welcome to HSBC One 2.0🌟 HSBC One is gaining traction with Gen Z, witnessing double-digit growth in our customer base for this generation. To meet their evolving needs, we are committed to test annual enhancements of HSBC One. 1️⃣ Flash Friday✌🏻: Get ready to grab exciting beyond banking rewards in travel, entertainment and health — available every 2nd Friday of the month! 2️⃣ Bonus savings rate💰 : Make your salary work harder for you. Just 3 simple steps to make interest grow faster: Fund-in + Payroll + FX. 3️⃣ Consolidate your funds to unlock stacks of rewards 🎁 : exclusive upgraded benefits for customers with > HKD500k. 4️⃣ Make every spend count 🛍️ : Enjoy Hong Kong's most comprehensive shopping and spending rewards network with 💳HSBC Mastercard®️ Debit Card and our credit cards. 5️⃣ Don’t forget the enhanced investment and insurance rewards — gifts and premium discounts. 6️⃣ And the best part — in just 5 mins, open an HSBC One account via📱HSBC HK App and you can have it all! Check out more: https://lnkd.in/e4iBREwQ #BankingUpgraded #HSBCOneUpgrade #RewardsReimagined #HSBCOne

“HSBC: Supporting a New Wave of Nordic Global Explorers”. Oliver Jones, Head of Nordics and Growth Markets HSBC Continental Europe, explains how HSBC’s global footprint and business model complement the offerings of the Nordic banking community. Read the article today on: https://grp.hsbc/6043s7mQS #Nordics #Europe #HSBC

🚨 BREAKING: HSBC Announces Major Overhaul, Splitting into Four Divisions Starting January 1, 2025, HSBC will streamline its operations into four key business areas and create a new geographic set-up separating east from west, to cut costs and navigate geopolitical tensions. The four key business areas: ▶ Hong Kong – Personal and Commercial Banking in HSBC's home market. ▶ UK – Personal and Commercial Banking, including First Direct and M&S Bank. ▶ Corporate & Institutional Banking – A new division combining Commercial Banking (outside the UK and Hong Kong) with Global Banking & Markets. ▶ International Wealth & Premier Banking – Focused on wealth growth, especially in Asia and the Middle East. According to CEO Georges Elhedery, this move will create a more agile, customer-focused organisation, enabling HSBC to better capitalise on growth opportunities while simplifying decision-making. The aim is to unlock the bank’s full potential, enhance customer service, and drive success in its strongest markets, including the UK and Hong Kong. A new, smaller Group Operating Committee will lead these changes, reducing duplication and improving efficiency across the business. Pam Kaur, currently group chief risk and compliance officer will assume the CFO post on Jan. 1 — the lender’s first female finance chief. More details are expected with HSBC's 2024 full-year results. #HSBC #Banking #Finance

“HSBC: Supporting a New Wave of Nordic Global Explorers”. Oliver Jones, Head of Nordics and Growth Markets HSBC Continental Europe, explains how HSBC’s global footprint and business model complement the offerings of the Nordic banking community. Read the article today on: https://grp.hsbc/6040s7mX4 #Nordics #Europe #HSBC

📣Welcome to HSBC One 2.0 We're thrilled to share that HSBC One is gaining traction with Gen Z, witnessing double-digit growth in our customer base among 18-27 year-old. To meet the evolving needs of this vibrant demographic, we are committed to annual enhancements of HSBC One — Introducing HSBC One 2.0🌟！ Key highlights of our latest release for public testing: 1️⃣ Lifestyle rewards can only come from your credit card? Now, even banking customers can have them. Introducing our all-new Flash Friday✌🏻lifestyle rewards platform, HSBC One customers can now unlock exciting beyond-banking rewards in travel, entertainment, and health — available every 2nd Friday of the month! 2️⃣Don't let your salary just sit idle when it can be working harder for you. Herewith a faster way to make interest grow. Just 3 simple steps — Fund-in + Payroll + FX to get you 💰a bonus savings rate. 3️⃣Consolidate your funds to unlock stacks of rewards🎁 — exclusive upgraded benefits by maintaining an average total relationship balance with us of HKD500,000 or above for 2 previous months. 4️⃣Enjoy Hong Kong's most comprehensive shopping and spending rewards network with 💳HSBC Mastercard®️ Debit Card and our credit cards. Make every spend count! 5️⃣Don’t forget the enhanced investment and insurance rewards — gifts and premium discounts. 6️⃣ And the best part — digital: in just 5 mins, open an HSBC One account via📱HSBC HK App and you can have it all! Click https://grp.hsbc/6001SlBYB to check out more details. 🙌Thanks all who made this project a reality! P.S. Flash Friday✌🏻November rewards ✈️ and details will be revealed later this week, stay tuned! #BankingUpgraded #HSBCOneUpgrade #RewardsReimagined

HSBC Nets Ex-Lombard Odier Banker for Singapore: The private banking arm of HSBC has hired a former Lombard Odier executive to deepen its market coverage of Singapore. #HSBC #privatebanking

Mexico; HSBC >two decades; fined $2bn US authorities 2012; failures allowed drug cartels to launder hundreds of millions of dollars. HSBC is also reviewing its position in countries such as Malaysia and Indonesia where executives think it would also better benefit from focusing on premier banking rather than mass-market customers. HSBC’s new chief executive Georges Elhedery, who took the helm in September, is keen to focus on clients in the bank’s “premier” category as well as in wealth management as he seeks to streamline the bank’s operations and shrink costs, one of the people said. Senior executives at the bank are working towards a goal of as much as $500m in annual savings from job cuts already announced, according to two people with knowledge of the matter, who cautioned that the number could change...

I just completed HSBC's Global Banking & Markets on @[Forage](urn:li:organization:68514998). In the simulation I: * Completed a simulation focused on the type of work undertaken by the Investment Banking & Markets teams in the Global Banking & Markets (GB&M) business at HSBC * Defined the strategic rationale for M&A and filtered target * Analysed transaction data to develop a summary of debt capital markets (DCM) activity * Matched financial products with various clients #HSBC