HSBC recently hosted a Wealth Management Seminar under the theme "Portfolio Diversification Simplified - The best way to manage and grow your Wealth", which was held specially for HSBC Premier customers, to provide awareness and education on Wealth Management and give customers different options on how to better manage their funds.
The seminar was held at The Shangri-la Hotel in Dubai and had two speakers - James Hughes, Head of the Multimanager team in HSBC UK, and Paul Hancock Regional Head of Pensions, Prudential Corporation Asia. Both speakers brought to light the importance of having a diversified and well balanced portfolio.
James Hughes emphasized how diversified and un-correlated assets can minimize risk in a portfolio and how these can generate handsome returns over a medium to long term period. Paul Hancock, on the other hand, shared his expertise on long term investing and stressed on the importance of saving at an early age and the impact of delaying plans on building a retirement nest egg.
Ishrat M. Kiyani, Regional Head of Wealth Management, HSBC Bank Middle East Ltd., while addressing the audience at the opening of the seminar commented: "We take pride in being a forerunner in the Investment industry, with our distinctive ways of doing business across the region. Our customers come first in everything we do, thus hosting educational seminars for them is one of our key priorities, to help them generate awareness of our Wealth Management proposition. Furthermore, by conducting such interactive seminars and activities, we aim at raising our profile in Wealth Management expertise".
The seminar was well received and saw the attendance and interest of a mixture of Arabs and Asians, high net worth individuals, as well as a number of CEOs, CFOs, and business owners, which created a good opportunity and a suitable platform to network with like-minded counterparts.
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HSBC Holdings plc
HSBC Holdings plc serves over 125 million customers worldwide through around 10,000 offices in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of some US$2,150 billion at 30 June 2007, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.
HSBC Bank Middle East Limited
HSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 36 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon and the Palestinian Autonomous Area, including an offshore banking unit in Bahrain. In addition to the branch network the Bank maintains representative offices in Tehran, Iran and Tripoli, Libya. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt SAE, and by its associated companies, The Saudi British Bank, British Arab Commercial Bank Limited, and HSBC Saudi Arabia Limited.
HSBC Wealth Management
HSBC Wealth Management is a service specifically designed to give customers expert guidance as well as sound and objective financial advice. As a financial institution with a presence in over 80 countries, HSBC is uniquely positioned to provide its customers with a comprehensive range of Wealth Management products from across the world to cover all investment needs. A team of experienced Financial Planning Advisors work closely with the customer to develop a comprehensive financial blueprint which covers different aspects of wealth management and products to match.
For further information, please contact:
Suzanne Samaan
Manager - Communications
HSBC Bank Middle East Limited
Dubai Internet City
Tel: +9714 3906639
Fax: +9714 3906640
Cell: +97150 6284018
Email: suzanne.samaan@hsbc.com
© Press Release 2007
