Recent market volatility has created a challenging environment in which wealthy individuals are not only looking at new investment opportunities, but also how they can protect their wealth and pass it down through the generations.
During the turmoil sparked by the Covid-19 pandemic, HSBC Global Private Banking (GPB) has been working closely with its high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients, listening to their changing needs, and evolving to meet them.
The bank has observed that alongside the traditional aim of growing their wealth, clients are becoming increasingly focused on wealth resilience to ensure the long-term economic security and prosperity of their families, as well as succession planning and building a legacy.
Siew Meng Tan, HSBC’s regional head of global
