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HSBC plans 200 hires for UK wealth business

Adding headcount is part of the UK lender’s ambitions to become a top five wealth player and double assets to $100bn by 2028

By Kristen McGachey
Wealth management is one of the few areas where HSBC’s employees are largely being spared the axe
Wealth management is one of the few areas where HSBC’s employees are largely being spared the axe Photo: Jason Alden/Getty

HSBC will make 200 hires for its UK wealth business this year despite downsizing other units in a sweeping overhaul by group CEO Georges Elhedery.

The UK lender will increase its 400-strong team of relationship managers and wealth managers by a half by the end of the year to fuel its ambitions to become a top five player and double assets to $100bn by 2028.

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