What was behind the judges’ decision?

• HSBC Global Private Banking has significantly enhanced its family office proposition in Hong Kong over the last 12 months, launching its Institutional Family Office Integration Model towards the end of 2023. Via the offering, the bank’s most sophisticated family office clients can access leading institutional coverage and services from the bank’s markets business while the private bank continues to lead the overall relationship. The bank drew clear examples of how the proposition has already contributed to fresh net new money flows
• In Taiwan onshore, HSBC Global Private Banking brought itself closer to its end clients by opening two new dedicated wealth centres, with plans to open a third. These developments were backed up by an increasing product set, including Lombard lending, domestic stock pledge lending, insurance, structured products and FX options/forwards. Finally, the private bank has seen a sizable uptick in referrals from its wealth segment, demonstrating the power of its wealth transformation project
• In mainland China onshore, the bank has been building on its growing role as a leading foreign player in this market with a proposition focused on legacy planning, wealth succession and family trust advisory. Leveraging its position as the largest QDII quota holder, HSBC Global Private Banking has also significantly enhanced its product portfolio in this market with new alternative strategies, equity-linked investments, and a dedicated China CIO