HSBC Launches UAE Asset Management Business to Tap Into Wealth Influx

HSBC becomes first asset manager to launch onshore funds in UAE

The move is widely seen as a significant step in the development of the UAE’s domestic funds industry and its ambition to become a leading international wealth and asset management hub

HSBC launches onshore asset management business in UAE, debuts 10 local funds

HSBC launches its onshore asset management business in the UAE, introducing 10 local funds to tap into the region's growing wealth market. Discover how this move aims to serve high-net-worth clients with globally diversified strategies.

HSBC launches UAE asset management business to tap into wealth influx

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.

HSBC Establishes Asset Management Business in UAE

HSBC has launched a United Arab Emirates (UAE) asset management business that it said will play a key role in its Middle East, North Africa and Turkey (MENAT) wealth franchise. The bank also announced that it registered 10 new onshore investment funds with the UAE’s Securities and Commodities Authority, it said in a Monday (Jan. 12) press release. The new onshore funds will offer retail and institutional investors access to globally di…

HSBC opens asset management branch in UAE, launches 10 offshore funds

HSBC Asset Management is one of the first global asset managers to establish and register an onshore fund range under the UAE’s evolving investment funds regime, according to a press release