HSBC Accelerates Wealth Management Strategy in U.S. with Opening of Flagship Wealth Center at Hudson Yards

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NEW YORK–(BUSINESS WIRE)–HSBC today announced the opening of its flagship wealth center at The Spiral in New York City’s Hudson Yards neighborhood. The new center is a key part of the bank’s wealth management strategy and will include wealth advisors dedicated to supporting high-net-worth and ultra-high-net-worth clients with a focus on individuals and families with international ties. The new flagship wealth center is part of a network of strategically positioned wealth centers across the U.S. to provide clients with access to highly specialized wealth and everyday banking services.

“As one of the largest wealth management and financial services organizations in the world, it is our goal to be the preferred international financial partner for our clients. Our wealth centers play a critical role in that strategy by offering crucial connection points to our global network for our clients,” said Michael Roberts, HSBC Chief Executive Officer, U.S. and Americas. “It’s important that we help our clients living, studying and investing in the U.S. meet and surpass their financial goals.”

The new wealth center, located at 66 Hudson Boulevard East, is connected to HSBC’s U.S. headquarters at The Spiral, a 65-story office tower at Hudson Yards in Manhattan. The wealth center will feature both wealth management and everyday banking services provide by a team of dedicated financial professionals.

“We are focused on fulfilling a variety of wealth management and banking needs for globally connected, affluent and private banking clients,” said Racquel Oden, HSBC Head of Wealth and Personal Banking, U.S. “Our clients will benefit tremendously from having a one-stop shop for their banking solutions while navigating wealth management challenges. The Hudson Yards flagship wealth center embodies our dedication to holistic wealth management, offering a centralized hub where our clients and their families can confidentially optimize their financial futures for generations to come.”

About HSBC Holdings plc

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,039bn at 31 December 2023, HSBC is one of the world’s largest banking and financial services organisations.

HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves customers through Wealth and Personal Banking, Commercial Banking, Private Banking, Global Banking, and Markets and Securities Services. Deposit products are offered by HSBC Bank USA, N.A., Member FDIC. It operates wealth centers in: California; Washington, D.C.; Florida; New Jersey; New York; Virginia; and Washington. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC North America Holdings Inc.

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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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