HSBC has appointed Teddy Kwong as business head, Hong Kong, within its global private banking business.

HSBC Global Asset Management has announced the removal of exit loads from all its mutual fund schemes effective 1 March, 2013.

Asians believe their savings will only cover 10 out of the 18 years they expect to live in retirement, according an HSBC study into global retirement trends.

Following HSBC’s compliance breach around anti-money laundering (AML) rules and US sanctions requirements, the UK Financial Services Authority (FSA) has imposed requirements on the bank.

Allianz and HSBC have signed a 10-year exclusive bancassurance distribution agreement in Asia, with Allianz’s life insurance products to be distributed by HSBC in China, Indonesia, Malaysia, Australia, Sri Lanka and Taiwan.

Bernard Rennell, chief executive officer, North Asia, global private banking, and global head of private wealth solutions at HSBC Private Bank, explains why he thinks the firm is well-positioned to build out a sustainable offering in a challenging business environment.

HSBC has appointed Shantanu Ambedkar as managing director and head of HSBC Private Banking for India.

Bernard Rennell, chief executive officer, North Asia, global private banking, and global head of private wealth solutions at HSBC Private Bank, explains the bank’s approach to wealth planning, and reveals what it does to build trust with its clients to get them to open up about their succession planning needs.

HSBC Private Bank held its Legacy Programme 2012 in Macau last week, with around 50 participants from 13 countries across Asia and around the world.

To strengthen its wealth management capabilities in Asia Pacific, HSBC has hired Vineet Vohra as regional head of wealth development in the region.

HSBC has sold its Thai retail banking and wealth management business to Bank of Ayudhya Public Company, as it continue to dispose of its non-core businesses overseas.

HSBC Private Bank has appointed Bernard Rennell as chief executive officer for its business in North Asia, subject to regulatory approval.

HSBC Global Asset Management has launched its HSBC GIF RMB Fixed Income fund, enabling UK and European investors to gain access to renminbi investments.

HSBC has launched its life insurance operations in Beijing, to provide customers of HSBC and Hang Seng Bank across 14 outlets in the city with access to a comprehensive range of insurance solutions, covering life and health protection, retirement and education savings, and investments.

A recent survey has revealed that the assets under management held by the top 20 private banks in Asia Pacific has increased 76% to nearly US$1 trillion since 2007.

In their bid to make a long-term impact on the region’s social issues, Asian philanthropists are starting to emphasise innovation, scale and measurable results in the execution of their philanthropic initiatives, according to a new report commissioned by HSBC Private Bank.

Paul Arrowsmith has been appointed as head of retail banking and wealth management at HSBC in Singapore.

Krishna Patel will become HSBC’s new chief executive of global private banking on 1st September, to focus on strengthening the bank’s capabilities in the largest and fastest-growing wealth markets.

HSBC Global Asset Management has appointed Bill Maldonado as chief investment officer for Asia Pacific.

HSBC Private Bank has hired Lionel Kwok from Standard Chartered Private Bank as head of investment counselling for Asia.

HSBC has named Simon Williams as its new group head of wealth management with effect from July 11, to lead the development of its retail wealth management business capabilities.

To capture the potential growth of the Asian equity markets while offering regular monthly income, HSBC has launched a new share class for its Asia Pacific ex Japan Equity High Dividend fund.

HSBC Private Bank has made two senior appointments to bolster its capabilities in Asia.

Clariden Leu has launched a dedicated, Asia-based offering to cover the Indian sub-continent and non-resident Indians (NRIs) after making several hires from HSBC Private Bank.

HSBC Insurance has appointed Robert Lang as managing director in its Asian business.

A management reshuffle at HSBC Private Bank in Asia is seeing Monica Wong, its long-serving regional chief executive officer, retiring, and its global head moving from London to Hong Kong.

HSBC has named Alex Hungate as the new chief executive of its Singapore business as of September 1.

HSBC has announced the appointment of Gannesh Bharadhwaj as head of personal financial services for the bank in India.

Deutsche Bank Private Wealth Management has announced two new hires to its North Asian business as it looks to strengthen its succession planning capabilities.