HSBC Plans to Expand Private Wealth Management Business in Canada

HSBC Holdings plc (HSBC) plans to double the size of its Canadian private client business over the next few years, according to Nader Guirguis, CEO of HSBC Private Wealth Services (Canada). For HSBC, the Canadian private wealth management market represents a significant opportunity. The country enjoys a good reputation for socioeconomic stability, liberal immigration policies and a growing pool of highnet-worth (HNW) individuals. HSBC currently has four main private wealth management hubs in Vancouver, Calg ...