HSBC launches private banking services in Australia

A man walks past a logo of HSBC outside a branch at the financial Central district in Hong Kong, China June 2, 2015. REUTERS/Bobby Yip/File Photo

HSBC Holdings Plc on Thursday launched its private banking services in Australia, as part of its plans to expand business presence in the Asia Pacific region.

The bank will offer private banking services to Australian clients, including high net worth individuals (HNWIs) and family offices, with investable assets of more than A$10 million ($7.47 million), it said.

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