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Muscat - HSBC Bank Oman S.A.O.G hosted a wealth management seminar at Al Bustan Palace, A Ritz Carlton Hotel, for more than 100 of its premier clients, demonstratingthat 'Cash is Not Always King'. The seminar, which was delivered by Stuart Cameron, the Director of HSBC's Global Asset Management, marks the first in a series of seminars designed to enhance the bank's customer offering and provide expert wealth management advice.
The seminar explored how bonds and equities outperform cash, the impact of inflation on wealth in today's market, and the value of diversification to meet financial goals. Additionally, discussions regarding investment strategies were held with industry expertsproviding essential market and industry insights.
Andrew Long, Chief Executive Officer of HSBC Bank Oman, said, "This initiative is our way of answering the needs of our clients and guiding them every step of the way to achieving success with their investments. By engaging with our customers to transfer our global expertise and sharing our economic outlook for the year, we equipped them with the know-how to assess both the benefits and the risks, as well as guided their development of a more insightful understanding of the market's investment opportunities."
Abdul Qader bin Ahmed Al Sumali, Head of Retail Banking and Wealth Management at HSBC Bank Omanadded, "Wealth management can be simple with the correct guidance and tools, and that is what we offered at the seminar. The challenges investors are facing were tackled with tried and tested financial planning and advice formed by years of experience."
HSBC Bank Oman provides a wide variety of financial planning services for clients to identify investment prospects and prioritise financial goals, grow wealth and plan ahead. Continuing to enrich the financial knowledge of its customers, HSBC Bank Oman will host a series of conferences and workshops throughout the year.
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About HSBC in Oman
HSBC is the largest international bank operating in the Middle East, and Oman is an important market in the region for the bank. Oman has one of the most stable political, social and economic environments in the region, with a growing economy supported by a young population and significant investments in infrastructure.
Oman is also a key access hub to the fast-growing trade corridors connecting the MENA region with Asia - a major focus for growth for HSBC. Its economy is forecast to grow at a compound annual growth rate of 4%1 forecast from 2011 to 2016.
About HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from over 6,100 offices in 73 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,634bn at 31 December 2014, HSBC is one of the world's largest banking and financial services organisations.
For more information, please contact:
ShazaTaher
Associate Media Relations Director
TRACCS Oman
Telephone: +968 24 649-099
Email: shaza.taher@traccs.net
© Press Release 2015
