HSBC Holdings reduces retail operations in Singapore to strengthen wealth management business
HSBC Holdings (00005.HK) will close its important branch in Singapore's financial district and open a wealth center in the same building, demonstrating the group's commitment to enhancing services for wealthy clients in Singapore.
According to a notice sent to clients, the branch located at Raffles Place will close on February 28. A spokesperson stated that the group expects to open a wealth management center in the new One Raffles Quay building in February, emphasizing that Singapore remains a priority market for the group, and its local network layout will remain unchanged
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