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HSBC plans to add over 5,000 staff for Asia wealth management

Hiring wave in China, Hong Kong and Singapore is part of $3.5bn investment push

HSBC plans to add more than 5,000 staff in Asia over the next five years as it aims to become the region's top wealth manager.   © Reuters

HONG KONG -- HSBC Holdings plans to add more than 5,000 staff in Asia over the next five years to help it become the region's top wealth manager and reverse years of underperformance.

The London-headquartered bank plans to add relationship managers, investment counselors and specialists to serve wealthy clients in Hong Kong, Singapore and mainland China, it said in a statement on Thursday. The hiring spree is part the bank's plan to invest $3.5 billion in its Asian wealth management business, as announced earlier this week.

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