Competitor Profile: HSBC Private Bank 2025

This report provides a comprehensive analysis of HSBC's private banking and wealth management operations, including its strategy, financial performance, key products and services, and brand-building activities.

Headquartered in London, HSBC Holdings is a global universal bank with two home markets in the UK and Hong Kong (China SAR). HSBC Private Bank is a brand used by its Global Private Banking (GPB) unit, catering to individuals with more than $5 million (or local currency equivalent) in assets. GPB itself operates as a distinct unit within the newly created International Wealth and Premier Banking (IWPB) division.

Scope

• In 2024, HSBC Private Bank’s operating revenues increased by 15.4%, driven by brokerage and trading activities in its Asian entities. Profit before tax also increased by 37.7%.
• The bank has been focusing on digitalization of its product and service offerings to better meet the demands of its clients globally. In October 2024, HSBC added the Future Planner financial tool to its mobile banking app to enhance its Premier offering.
• The bank is also focusing on expanding in growth markets. In November 2024, HSBC launched a new private banking business in Kuwait to expand its presence in the Middle East.

Reasons to Buy

• Examine the financial performance, key ratios, and assets under management growth of HSBC.
• Benchmark the company against other global wealth managers.
• Understand HSBC’s current strategic objectives and their impact on its financial performance.
• Identify its key products and client targeting strategies.
• Learn more about its marketing strategy, social media presence, and digital innovations.