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HSBC said looking at asset and wealth management deals

HSBC Canary Wharf

HSBC is planning to pursue deals to expand in asset and wealth management as the bank seeks to capitalize on the growing funds of the middle class in Asia and diversify its business away from traditional lending, according to two people with knowledge of the plans.

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HSBC Canary Wharf

HSBC said looking at asset and wealth management deals

HSBC is planning to pursue deals to expand in asset and wealth management as the bank seeks to capitalize on the growing funds of the middle class in Asia and diversify its business away from traditional lending, according to two people with knowledge of the plans.