China News Service, June 21. According to a report from Hong Kong Sing Tao.com, the wealth management business in Hong Kong is developing vigorously. Coupled with the gradual development of the Guangdong-Hong Kong-Macao Greater Bay Area, many banks have indicated that they are recruiting additional wealth management personnel to expand in Hong Kong and Asia. For the wealth management business in China, some banks such as BOC Hong Kong and Hang Seng Bank have stated that they have cross-border teams at the same time.
BOCHK stated that wealth management is one of the bank's key businesses, and it provides integrated wealth management services for Hong Kong and mainland customers through a linkage mechanism. and internal training, etc. to recruit additional staff.
An HSBC spokesman said it had hired more than 1,200 people for its wealth management business in Asia last year.
Hang Seng Bank said it will continue to expand its manpower this year, especially front-line sales staff, investment and insurance professionals, as well as a professional cross-border wealth management team.
Standard Chartered said its retail banking and wealth management frontline staff had grown by 26% in the past year through June as it expanded its wealth management business in Hong Kong.
As for other banks, CMB Wing Lung Bank said that it currently has hundreds of staff in the wealth management business, and will actively recruit more relationship managers, investment consultants, cross-border wealth management specialists, wealth management and FinTech product managers, and development of mobile applications related to wealth management business. and operators, etc.
China CITIC Bank (International) said that CITICdiamond, a subsidiary of the bank, provides wealth management services for clients with assets of HK$4 million or more. As of April this year, the number of CITICdiamond relationship managers has more than tripled compared to the end of 2020.
The Bank of East Asia said last year that it planned to recruit 300 front-line sales staff in the Greater Bay Area in the next three years. The bank replied that the plan would remain unchanged.
Li Guizhuang, head of Citibank's retail banking business, said the bank announced last year that it planned to hire more than 1,000 professional wealth managers in Hong Kong by the end of 2025, including more than 550 new relationship managers and private bankers.
Chen Zhenying, a member of the Legislative Council of the financial sector, said that all banks are actively recruiting financial management talents, so the turnover rate is also quite high. Banks generally recruit a large number to fill vacancies, and they also hire management interns or college students, and train them internally to take up relevant positions.