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HSBC recommits to adding 500 wealth and retail bankers in Asia

Amid coronavirus outbreak and protests, challenges remain due to tight talent pool

An HSBC office in Singapore: The outbreak of the new coronavirus has not changed HSBC's hiring target or the geographical composition of its planned staff additions in Hong Kong, Singapore and mainland China.   © Reuters

HONG KONG -- HSBC Holdings, which plans to cut about 35,000 jobs globally by 2022, is sticking with its plan to hire 500 additional wealth managers and retail bankers in Asia to tap into the fastest-growing wealth-management market in the world, despite the uncertainty from the coronavirus epidemic afflicting the region.

The new hires will be in Hong Kong, Singapore and mainland China, and add to the 800 others -- including private-bank relationship managers, investment counselors and product specialists -- who have already joined the London-headquartered bank in Asia since 2017, HSBC said on Monday.

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