HSBC acquires Citigroup's consumer wealth portfolio in China, adding 300 employees and 11 city assets.
HSBC has completed the acquisition of Citigroup's consumer wealth portfolio in China, adding over 300 employees to its headcount. The portfolio of investment assets, deposits, and clients across 11 major cities in mainland China has been integrated into HSBC as part of the acquisition. This move is part of HSBC's strategy to expand in China, a key market, while Citigroup focuses on other markets.
June 11, 2024
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