HSBC Bank Taiwan Ltd (滙豐台灣商銀) has won five major accolades at Wealth Magazine’s 2023 Wealth Management Awards. In the category of foreign banks, HSBC Taiwan scooped the Best Wealth Management Award, Best Relationship Manager Team Award, Best Customer Recommendation Award, Best Digital Intelligence System Award and Financial Service Innovation Award.
This is the fourth consecutive year that HSBC Taiwan has won the Best Wealth Management Award and Best Relationship Manager Team Award, demonstrating HSBC Taiwan’s outstanding achievements in serving the wealth management market, cultivating talent and continuously upgrading its digital platform.
HSBC Taiwan president Adam Chen (陳志堅) attended the awards ceremony yesterday, receiving the trophy for the Best Wealth Management Award from President Tsai Ing-wen (蔡英文).
Photo courtesy of HSBC Bank Taiwan Ltd
“HSBC has committed to investing US$3.5 billion over several years to develop wealth management in the Asia-Pacific region, including one of its key markets, Taiwan,” Chen said.
“Despite the challenges affecting global markets last year, HSBC continued to invest in talent, platforms, products and digital service capabilities in Taiwan, and we leverage HSBC’s international network to provide our clients with the most professional and sophisticated wealth management services,” he said.
As the only foreign bank in Taiwan with a global presence, HSBC has observed rapid growth in Taiwan’s wealth management market in recent years.
Photo courtesy of HSBC Bank Taiwan Ltd
By 2030, the proportion of Taiwanese adults with wealth of at least US$1 million would reach 10.2 percent, the fourth-highest in Asia, after only Singapore, Australia and Hong Kong, HSBC’s Asia wealth report said.
To provide high-net-worth clients with exclusive and prestigious banking experiences, HSBC has injected resources to establish best-in-class wealth centers in Taipei and Taoyuan, with third center to open in Taichung this year.
“HSBC aims to become the best international wealth manager in Taiwan. We provide our clients with investment analysis from a global team of experts, as well as market-leading and tailor-made wealth management plans. We continuously invest to optimize our digital platform, introduce diversified investment products and leverage international connectivity to offer international financial and wealth services to our clients,” HSBC Taiwan head of wealth and personal banking Linda Yip (葉清玉) said.
In addition to providing professional wealth management services to clients, HSBC Taiwan has also been developing digital finance, and its holistic investment platform on its mobile banking app won it the Financial Service Innovation Award from Wealth Magazine this year.
As consumers’ digital investment behaviors shift from computers to mobile phones, HSBC Taiwan has upgraded its mobile banking app to develop a 100 percent digitalized investment process.
Through mobile phones, clients can carry out diversified investment transactions at any time or place, including foreign currency exchanges, onshore and offshore fund investments, and instant investment transactions on US and Hong Kong shares, which break time and geographical restrictions.
HSBC is the only bank in Taiwan that offers digital services — Internet banking and mobile banking — to private banking clients.
Clients can adjust their portfolios flexibly 24 hours a day and grasp market opportunities.
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