The British bank HSBC announced today an expansion of its private banking for particularly wealthy clients in the United Arab Emirates.
Clients will need to have investable assets worth $2 million or more to take advantage of HSBC’s Middle East Global Private Banking. The bank wants to a cater to “fast-growing high net worth investor base that wants to hold assets inside the country, while retaining the flexibility to structure portfolios across key international financial hubs,” according to a press release sent to Al-Monitor.
