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HSBC pumps US$3.5b into Asia wealth drive

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HSBC (0005) will invest US$3.5 billion (HK$27.3 billion) to boost growth in the Asian wealth management business and make 5,000 wealth-related hires in the next five years. HSBC's wealth business is an important pillar of its growth strategy in Asia, said Maggie Ng, head of wealth and personal banking, HSBC…

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