acquisition

HSBC steps up Asia shift with Singaporean insurance acquisition

HSBC steps up Asia shift with Singaporean insurance acquisition

HSBC’s $575m acquisition of insurance giant Axa’s Singapore arm, which was announced on August 16, represents a ramping up of the bank’s ambitious ‘pivot to Asia’ strategy. As part of this strategy, HSBC is also looking to expand its wealth management services across the region. The UK-based banking group plans to invest $6bn in Asia … Read more