HSBC Private Bank – Competitor Profile

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

HSBC Private Bank Competitor Profile Overview

Headquartered in London, HSBC Holdings is a global universal bank. HSBC Private Bank is a brand used by its Global Private Banking (GPB) unit, catering to individuals with more than $5 million (or the local currency equivalent) in assets. GPB itself operates as a distinct unit within the newly created Wealth and Personal Banking (WPB) division. HSBC Private Bank offers a wide range of traditional and alternative investment products as well as lending and deposit products to HNW and UHNW individuals, entrepreneurs, and family offices.

The HSBC Private Bank competitor profile report comprehensively analyzes HSBC’s private banking operations. It offers insights into the company’s strategy and financial performance, including key data on AUM. Customer targeting and service propositions are covered, as are product innovation and marketing activities.

Key Strategy Parameters Structure, Stakeholders, Global Presence, M&A And Partnerships, Active Jobs and Theme Activity, Company Filings, and Digital Transformation and ICT Spending
Key Financial Performance Parameters Operating Revenues, Cost/Revenue Analysis, Contribution to Group Performance, Assets, Peer Comparison
Key Brand-Building Activities CSR, Sponsorships, and Social Media Presence
Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Buy the Full Report for Additional Information about HSBC Private Bank

Download the Free Sample

HSBC Private Bank – Strategy

The HSBC Private Bank competitor profile report covers key strategies in terms of company structure, stakeholders, global presence, M&A and partnerships, active jobs and theme activity, company filings, and digital transformation and ICT spending.

Structure and Global Presence: HSBC GPB operates as part of the WPB division, Externally, it uses the HSBC Private Bank brand. HSBC Private Bank provides private banking, investment, and wealth management services to business owners, entrepreneurs, senior executives, and families. It caters to HNW customers with at least $5 million in investable assets and UHNW customers with at least $10 million in investible assets.

HSBC Private Bank has 48 offices in 19 territories around the world, with Europe its biggest market in terms of generated revenue. Out of these 48 offices, 11 are considered core booking centers for wealth business: the UK, the Channel Islands, Luxembourg, Germany, Switzerland, France, Hong Kong, Taiwan, China, Singapore, and the US. Further expanding its wealth management footprint in Southeast Asia, HSBC launched its new private banking business in Thailand in February 2021. It became HSBC’s second onshore business in Southeast Asia after Singapore and covers client management and advisory services, while clients’ assets are booked in HSBC GPB in Singapore. HSBC Private Bank will relaunch its onshore private banking business in India by 2023 as the bank considers the country a key strategic market for growth across Asia.

HSBC Global Locations

HSBC Global Locations

M&A and Partnerships: HSBC Private Bank is expanding through strategic partnerships and acquisitions. The company has made a few noteworthy acquisitions to expand its wealth management business in Asia. To strengthen its wealth business in Asia, HSBC Asset Management (India) entered into an agreement to acquire L&T Investment Management (LTIM) for $425 million in December 2021. The deal received approval from the Securities and Exchange Board of India in October 2022. In February 2022, HSBC Insurance (Asia-Pacific) Holdings acquired AXA Insurance (AXA Singapore) for $529 million. AXA Singapore’s retail and corporate customer base, multiple distribution channels, and complementary insurance products will allow HSBC to scale up and diversify its insurance and wealth business in Singapore.

Buy the Full Report for Strategy-Wise Insights of HSBC Private Bank

Download the Free Sample

HSBC Private Bank – Financial Performance

HSBC Private Bank’s operating revenue increased due to a rise in investment revenue. HSBC Private Bank’s performance operating revenues increased to $1.8 billion in 2021, mainly led by growth in non-interest income driven by a rise in investment revenue, reflecting higher fees from advisory and discretionary mandates. This was partly offset by a reduction in net interest income due to the impact of lower global interest rates for much of the pandemic period. This increase can be attributed to an increase in performance-related pay. However, the segment benefited from cost-saving initiatives, which helped fund continued investment in wealth management operations in Asia.

Buy the Full Report for Financial Performance Insights of HSBC Private Bank

Download a Free Sample Report

HSBC Private Bank – Customers and Products

HSBC targets the full spectrum of customers, from mass market to UHNW. HSBC GPB’s services include traditional banking products, tailored lending, investment management, and planning services. Benefiting from the expertise of HSBC’s commercial banking arm, the bank also offers advice on business exit strategies and foreign exchange solutions. The GPB division offers bespoke products for business owners and entrepreneurs, wealthy families, and senior executives. It also helps with planning, building, and managing family offices and offers tailored services. In addition, it assists clients with family enterprise succession planning.

HSBC Private Bank is focusing on building digital offerings in Asia to meet the growing wealth needs of clients. In August 2021, HSBC Private Bank launched HSBC GPB Chat in Asia. The product is a client messaging platform for clients to interact with their relationship managers and investment counselors through the channel of their choice, including WhatsApp and WeChat. In October 2021, HSBC Private Bank launched HSBC GPB eSignature. This solution enables prospective clients to review, sign, and submit documents to their relationship management team digitally and securely, eliminating the need to produce a signature in person. The eSignature tool, which will make the account-opening process more convenient and flexible, was initially launched for new GPB clients in Hong Kong.

HSBC Private Bank Customers and Products

HSBC Private Bank Customers and Products

Buy the Full Report for Customer and Product Insights of HSBC Private Bank

Download a Free Sample Report

HSBC Private Bank – Brand-Building Activities

HSBC supports communities in which it operates through the HSBC Volunteers Scheme, charitable partnerships, and the Hongkong Bank Foundation. The bank’s philanthropic activities are focused on skill development, employability, education, environmental protection, healthcare, serving disadvantaged communities, and other social causes.

In terms of sponsorships and social media presence, HSBC sponsors several global golf tournaments and events, such as the World Golf Championships, HSBC Champions in Shanghai, the HSBC Women’s World Championship in Singapore, the Abu Dhabi HSBC Championship, and The Open in the UK. HSBC GPB’s social media activity is limited to a LinkedIn corporate profile used for promoting its own publications.

Scope

– HSBC Private Bank offers a wide range of traditional and alternative investment products as well as lending and deposit products to HNW and UHNW individuals, entrepreneurs, and family offices.

– In 2021, the operating revenues of HSBC Private Bank increased by 7.1% to reach $1.8 billion, mainly led by growth in non-interest income as driven by a rise in investment revenue, reflecting higher fees from advisory and discretionary mandates.

– Environmental, social, and governance (ESG) remains a key focus. To add specific sustainable investment objectives to its wealth offerings, HSBC launched its first discretionary mandate focused on biodiversity in May 2022 for private banking clients in Hong Kong. In August 2021, HSBC launched an ESG-themed structured note for its HNW and UHNW clients in Hong Kong and Singapore.

Key Highlights

  • HSBC Private Bank offers a wide range of traditional and alternative investment products as well as lending and deposit products to HNW and UHNW individuals, entrepreneurs, and family offices.
  • In 2021, the operating revenues of HSBC Private Bank increased by 7.1% to reach $1.8 billion, mainly led by growth in non-interest income as driven by a rise in investment revenue, reflecting higher fees from advisory and discretionary mandates.
  • Environmental, social, and governance (ESG) remains a key focus. To add specific sustainable investment objectives to its wealth offerings, HSBC launched its first discretionary mandate focused on biodiversity in May 2022 for private banking clients in Hong Kong. In August 2021, HSBC launched an ESG-themed structured note for its HNW and UHNW clients in Hong Kong and Singapore.

Reasons to Buy

  • Examine the financial performance, key ratios, and AUM growth of HSBC and its Private Bank division and benchmark this competitor against other global wealth managers.
  • Understand HSBC Private Bank’s current strategic objectives and their impact on its financial performance.
  • Discover HSBC Private Bank’s key products and client targeting strategies and examine whether these have been successful.
  • Learn more about HSBC Private Bank’s marketing strategy, social media presence, and digital innovations.

HSBC
HSBC Private Bank
My Money Bank
L&T Investment Management
AXA Insurance
Amazon Web Services
Matic
Marketnode
UOB
Ashray Akruti
Mastercard
Shanghai United Community Charity Foundation
Conservancy Association
Hong Kong University of Science and Technology

Table of Contents

Table of Contents

Executive Summary

Strategy

Financial Performance

Customers and Products

Brand-Building Activities

Appendix

Frequently asked questions

HSBC Private Bank – Competitor Profile thematic reports
Currency USD
$1,295

Can be used by individual purchaser only

$2,590

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

HSBC Private Bank – Competitor Profile was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at HSBC Private Bank – Competitor Profile in real time.

  • Access a live HSBC Private Bank – Competitor Profile dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.