HSBC (HSBA.L), opens new tab aims to double the assets under management in its British wealth business to 100 billion pounds ($131 billion) in the next five years, the division’s head told Reuters, joining rivals in targeting more fee income from the UK’s ‘mass affluent’.
The lender aims to become a top five player in Britain, its head of wealth and personal banking UK Jose Carvalho told Reuters, leaning on its global reach to attract customers who bank with it in more than one market or who are from overseas.
Source: REUTER
