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HSBC's new wealth management
HSBC has launched a new wealth management concept for its premier clients, providing new insights on how the wealthy view their financial health and how the multiple faces of their personal economy â home, family, work, aspirations and endowment âplay a role in their financial decisions
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SBC has launched a new wealth management concept for its premier clients, providing new insights on how the wealthy view their financial health and how the multiple faces of their personal economy ' home, family, work, aspirations and endowment 'play a role in their financial decisions.
HSBC Indonesia's head of retail banking and wealth management, Siddharth Baidwan, said during the launch of the new concept on Wednesday that HSBC Premier had created a client-driven, needs-based business for the increasing number of affluent Indonesian clients with a number of customer initiatives, including market-leading digital platforms.
Baidwan cited a recent World Bank report stating that Indonesia was one of the most enticing affluent growth markets in Asia, ranking the world's 10th largest economy that contributed 2.3 percent of global economic output.
HSBC's global research, Baidwan added, shows that there are changing views on wealth for the aspirations and lifestyles of the affluent segment and a big rise in preferred spending that is complimented by changing lifestyle habits with bigger incomes devoted to health, social protection, insurance, retirement and endowment.
'To capture opportunities presented by this shift, HSBC has repositioned its international flagship affluent proposition, Premier, to strengthen its position as a leading wealth manager in the Indonesian market,' Baidwan said.
