HSBC’s Private Bank Shuts IAM Business in HK, Singapore
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(Bloomberg) — HSBC Holdings Plc’s private bank has discontinued its independent asset management business in Hong Kong and Singapore following a strategic business review, a bank spokesperson said.
“We will make this change as smooth as possible for affected clients,” the spokesperson said in a statement. The bank remains committed to providing solutions for single and multi-family offices, the spokesperson said.

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