A string of visits by HSBC’s senior leadership team to Jersey have reinforced the importance of the Channel Islands and Isle of Man to the bank’s global growth strategy, and in particular its wealth business.
Nuno Matos, CEO, Wealth and Personal Banking, was in Jersey last week (31st May) to speak to colleagues about the islands’ strategic importance to the HSBC Group and the role they play in supporting its global wealth business. He highlighted the expertise that the business has nurtured to support its customers’ evolving wealth needs.
In 2020, HSBC announced that it would be developing a specialist wealth ‘centre of excellence’ in Jersey to support its international proposition, with a target of creating 30 new wealth advisory roles. In addition, a Wealth Insights hub was launched, 50 employees completed courses on the bank’s specialist Wealth Academy, and the International Investment Centre (IIC) – an online platform aimed at opening up access to a broad range of investment opportunities for Island and HSBC Expat customers – was also launched.
Commenting on his visit and the role Jersey, Guernsey and the Isle of Man play within HSBC’s global wealth proposition, Matos said: “Our growth strategy is focused on giving our broad range of customers support across the entirety of their wealth journey. This ensures that as their wealth and financial planning needs grow, we grow with them. This is reflected through our services in the Channel Islands and Isle of Man, from our branch network and Private Banking teams to specialist Trust and Fiduciary Services and HSBC Expat.”
Matos’ visit follows that of Colin Bell, CEO Europe and HSBC Bank PLC, last month, during which he spoke to the local growth objectives and HSBC’s alignment with the islands’ own focus on global connectivity as international finance centres. Colin also discussed the importance of Jersey as a highly regulated, well-respected island and the importance of retaining that reputation of a safe jurisdiction to do business with due to its ongoing commitment to combatting financial crime.
Emma Bunnell, CEO and Head of Wealth and Personal Banking, HSBC Channel Islands and Isle of Man, added: “With travel now possible again, it’s been fantastic to welcome senior executives who are reinforcing the importance of our business.
“The islands’ local expertise, robust regulatory environment and position with regards to the UK, Europe and our international connectivity are a key part of our wealth strategy. These are core to us and underpin our own plans in Jersey, Guernsey and the Isle of Man as we continue to innovate across our banking platforms for local and international customers in the months and years ahead.”