The partnership is designed to open up opportunities for Chinese high net worth individuals in investment, philanthropy, cultural exchanges, and education in the United Kingdom.
"While the asset management industry there is young and the potential huge, our vow is to avoid short-termism and focus on quality," Young said.
The 4,000 new hires would amount to a 30 percent increase from the 13,000 people now working for HSBC in the Pearl River Delta. By contrast, the bank plans to trim global headcount by some 50,000 over three years and reduce annual costs by up to $5 billio
Fund managers, banks, brokers and financial advisers all face threats to their business models from robo-advisers, which provide automated online investment services.