HSBC Courts Middle East’s Superrich after Hiring Credit Suisse Experts

(Bloomberg) — HSBC Holdings Plc is courting private bankers as it seeks to expand its business catering to the growing number of millionaires and billionaires moving to the Middle East.

The British lender already added 100 bankers in 2023 and is looking to hire “opportunistically” in the energy-rich region in the coming months, according to Aladdin Hangari, who joined HSBC to lead its private banking business for the Middle East and North Africa last year.