Exclusive-HSBC exceeds China wealth hiring targets, explores India private banking re-entry

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By Anshuman Daga SINGAPORE (Reuters) – HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, senior executives said, as part of its plan to make Asia and wealth key pillars of growth. Under a strategy spearheaded by Group CEO Noel Quinn, HSBC is ploughing $3.5 billion into its wealth and personal banking business, in line with its ambition to become Asia’s top wealth manager by 2025. “We are the leading international bank in China, so we want to squeeze that opportunity,” said CEO of Wea…

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