HSBC picks Thailand for its second Southeast Asian private banking business

HSBC picks Thailand for its second Southeast Asian private banking business

People walk past a major branch of HSBC at the financial Central district in Hong Kong, China February 21, 2017. REUTERS/Bobby Yip

HSBC Holdings PLC said on Monday it had set up a new private banking business in Thailand, the Asia-focused lender’s second onshore expansion in Southeast Asia, as it seeks to grab a bigger share of the growing rich population.

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