: HSBC’s Global Private Banking unit launches in India

HSBC Holdings Plc HSBCUK:HSBA said Wednesday its Global Private Banking unit has launched in India with a focus on clients with investable assets of more than $2 million. Annabel Spring, CEO of HSBC Global Private Banking and Wealth and Surendra Rosha, co-CEO of HSBC Asia-Pacific are working on the effort. The bank did not say how many of its employees are involved in the roll-out of its wealth business in India, which HSBC said, “demonstrates the bank’s commitment to lead wealth management in Asia.” U.S.-listed shares of HSBC are down 1% in premarket trades.

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