|16 July, 2019

HSBC eyes expansion in UAE

UAE is one of the major markets for the British company

Logos of HSBC are displayed outside a branch at the financial Central district in Hong Kong, China June 2, 2015.

Logos of HSBC are displayed outside a branch at the financial Central district in Hong Kong, China June 2, 2015.

REUTERS/Bobby Yip

Abu Dhabi – Mubasher: HSBC, a leading global financial services company, is looking to boost its investments in the UAE over the coming period, CEO of global private banking at HSBC António Simões said.

The UAE is one of the major markets for the British company, Al Bayan Newspaper reported, citing Simões.

The largest bank in Europe will maintain achieving its development plans and offering jobs to professional and skillful individuals, Simões added.

He further noted that the bank aims to increase the number of its banking services’ team members by 20% year-on-year until 2022.

Last week, HSBC announced the launch of its onshore issuer services business in the UAE and Egypt that would enable corporates and institutions within the two countries to implement complex transactions.

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© Mubasher 2019

More From Business