HSBC Fights UBS for Asia Wealth Under Former Wall Street Banker

(Bloomberg) — The head of HSBC Holdings Plc’s private bank is planning a fresh recruiting drive as part of her bid to regain the title of Asia’s biggest wealth manager from UBS Group AG.

Annabel Spring is looking to deepen the presence of Europe’s biggest lender in Asia across at least half a dozen territories, partly through recruiting extra staff after already poaching wealth advisers from rivals including Deutsche Bank AG, UBS and Credit Suisse over the past year.