Expand your global investments with HSBC Wealth

Metro Manila (CNN Philippines) — International bank HSBC launched the expansion of its wealth investment offerings through HSBC Wealth, incorporated as HSBC Investment and Insurance Brokerage, Philippines Inc. (HIIB).

HSBC Wealth is exclusive to HSBC Premier customers and it offers them a range of Unit Investment Trust Funds (UITFs), which cover a range of asset classes and risk profiles, giving them a broader choice of investment products to help them protect, diversify and grow their wealth and create a diversified portfolio.

“This new brokerage business marks our continued investments in the Philippines where we have invested new capital, launching a wider suite of products, new wealth brokerage with highly skilled relationship managers, and better customer experience through our enhanced digital capabilities,” said HSBC Wealth Vice Chairman Peter Faulhaber.

This expanded range of UITF products fits with the bank’s available investments — fixed-income investment and investment-linked insurance products. The funds come in different currencies and are managed by trusted partners who are key players in the asset management space locally and across the globe.

HSBC Philippines also said it will continue to offer fixed-income products that provide capital protection with dividends through the main bank and investment-linked insurance products available in both single pay or regular pay. These existing investments give clients both protection and an opportunity to grow investments.

“The Philippines has one of the most favorable demographics in the region," said James Cheo, Chief Investment Officer, Southeast Asia, HSBC Private Banking and Wealth.

"With a rising and young population, the Philippine economy is in a strong position to reap the benefits of its demographic dividends in the coming years,” Cheo also said.

HSBC Philippines President and CEO Sandeep Uppal said the launch of the expansion shows the bank’s “confidence in the country” and reaffirms its commitment in bridging its local clients with the rest of the world, supporting HSBC’s ambition to be the leading international wealth manager in Asia.

A hub for HSBC Wealth client engagements has been set up beside HSBC Bonifacio Global City branch. The bank also aims to establish HSBC Wealth branches beside existing HSBC banks.

HSBC has been operating in the Philippines for 147 years, serving clients through Wholesale Banking, Global Banking and Markets, and Wealth and Personal Banking.

The bank has eight branches located in Metro Manila, Cebu and Davao, including those of the locally incorporated HSBC Savings Bank, and a Global Service Centre servicing local and international HSBC markets.