HSBC is opening an asset management business in the UAE and launching 10 onshore funds, it said on Monday, as the bank deepens its investment in the region and taps into an influx of wealth into the Gulf country.
“Our investment in building an onshore asset management business is about capturing the significant and long-term wealth opportunity in the UAE,” Dinesh Sharma, HSBC’s Regional Head of International Wealth and Personal Banking for the Middle East and… [1023 chars]
Source: Reuters | Published: 2026-01-12T06:55:02Z
Credit: Reuters
