British-based banking giant HSBC Holdings Plc plans to recruit 400-500 new employees within the next few years to boost sales, which it regards as a critical platform in the Greater China markets.
"We will begin hiring from next week," said HSBC Taiwan CEO Paul Leech, adding that the recruitment drive is mainly aimed at bolstering the bank's consumer banking sales team. HSBC has 1,800 employees now.
"We are looking to recruit more sales staff to provide quality wealth-management products," Group Chief Executive Officer Stephen Green said.
Green said Taiwan plays a key role in HSBC's Greater China strategy and is one of HSBC's key growth markets in Asia.
"The opening of the Shinyi branch is only one of several new investment initiatives in the coming months," Green said while inaugurating the new operation.
HSBC, which has eight branches on the island, declined to comment on whether it is interested in buying any Taiwanese financial institutions.
Taiwan aims to shrink the number of financial holding companies by half to seven in two years and have each of the top three dominate at least 10 percent of the market, President Chen Shui-bian (
Separately, Green said the group is investing US$400 million globally to revamp its corporate and investment banking arms. He did not specify an time period.
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