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HSBC says moves to grow 'new high net worth' customers paying off
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The number of HSBC customers with at least S$1.2 million in cash and/or investments - which the bank refers to as Jade - have grown 2 1/2 times between June 2017 and June 2019.
PHOTO: REUTERS
SINGAPORE - HSBC Bank's pursuit of a group of customers it calls the new high-net-worth is well under way, and efforts have paid off so far, said its head of retail banking and wealth management, Mr Anurag Mathur.
Its number of customers with at least S$1.2 million in cash and/or investments - which the bank refers to as Jade - have grown 2½ times between June 2017 and June 2019.
