Hsbc Holdings Plc · LSE:HSBA
Hsbc — Investor Day (May 2023)
42 slides from Hsbc's investor day presentation, May 2023
Slide 1: HSBC Asia seminar for Investors and Analysts | Day Two
Asia HSBC Asia seminar for Investors and Analysts | Day Two May 2023
Slide 2: Disclaimer
Disclaimer Important notice The information, statements and opinions set out in this presentation and accompanying discussion (this “Presentation”) are for informational and reference purposes only and do not constitute a public offer for the purposes of any applicable law or an offer to sell or sol
Slide 3: HSBC Asia seminar | Day Two
HSBC Asia seminar | Day Two Asian Wealth 3 Private Bank 14 WPB South & South-East Asia 24 WPB digital 32
Slide 4: Asian Wealth
Asian Wealth Greg Hingston | CEO, Global Insurance and Partnerships
Slide 5: Key messages
Asian Wealth Key messages 1 We have shown strong growth across our key metrics We have made significant progress in executing our Wealth strategy, following four key pillars: Expanding our presence 2 Enhancing our products & propositions Developing our digital capabilities Investing in our p
Slide 6: Asia-Pacific ex-Japan is the largest sustained growth region in global wealth management
Asian Wealth Asia-Pacific ex-Japan is the largest sustained growth region in global wealth management Hong Kong is projected to Wealth Management Assets Under Management excl. deposits (AUM)1 overtake Switzerland as the $tn largest financial wealth centre by 20262 North America +4% CAGR CAGR Europe
Slide 7: HSBC is well positioned to capture the wealth opportunity
Asian Wealth HSBC is well positioned to capture the wealth opportunity Client Integrated in-house International continuum manufacturing network Seamless continuum of wealth services across Our distribution teams are supported by our in- We are well placed to capture potential with retail and private
Slide 8: Strong track record of growth in fundamentals
Asian Wealth Strong track record of growth in fundamentals Asia Wealth revenue, $bn1 Asia client growth2, #m Total wealth revenue: 5.2 5.7 4.5 +5% CAGR 2.0 2.1 Insurance 0.2 0.2 1.9 manufacturing market impacts: (1.2) +8% CAGR Wealth revenue (excl. ins. 5.0 5.5 5.8 manufacturing market impacts): FY2
Slide 9: Leadership in the industry in Asia across the client continuum
Asian Wealth Leadership in the industry in Asia across the client continuum Top 5 Wealth Continuum Banks (2022)1 Top 10 Ranked Private Banks (2022)1,2 Wealth Continuum AUM (Asia, ex-China onshore), $bn Private Banking AUM (Asia, ex-China onshore), $bn 484 437 305 237 220 202 165 162 143 137 135 134
Slide 10: Executing wealth strategy through four key pillars
Asian Wealth Executing wealth strategy through four key pillars, with focus on key hubs of Hong Kong and Singapore, and in key growth markets of mainland China and India Expanding our presence Enhancing our products Developing our Investing in our and propositions digital capabilities people Expande
Slide 11: We continue to build scale while expanding our propositions
Asian Wealth We continue to build scale while expanding our propositions Mainland China Hong Kong Completed acquisition of Launched Family Office remaining 50% equity interest in proposition, giving UHNW clients HSBC Life China direct access to HSBC’s Grew Private Banking business investment b
Slide 12: We have launched >650 wealth management digital features since 2020
Asian Wealth We have launched >650 wealth management digital features since 2020, from digital self execution to hybrid client journeys Digital investment Frictionless investment Personalised insight Intelligent support and account opening journeys and research guidance Simple six-step journey Insta
Slide 13: Investing in our people; grew our team by >1,900 front line staff
Asian Wealth Investing in our people; grew our team by >1,900 front line staff to support our Asian growth plan Accelerating Wealth Launched Launched UHNW INSEAD Partnership Programme Wealth Academy Academy and Masterclass Skills-based development Self-learning library of bite- Academy and Mas
Slide 14: Conclusion
Asian Wealth Conclusion 1 Asia continues to be at the forefront of global wealth creation HSBC has demonstrated growth in our Wealth business; well positioned to capture the opportunity in 2 the region HSBC will continue to invest, particularly in the key hubs of Hong Kong and Singapore, and in the
Slide 15: Private Bank
Private Bank Siew Meng Tan | Head of Private Bank, Asia-Pacific
Slide 16: Key messages
Private Bank Key messages We have made significant progress in executing our strategy, particularly in client acquisition, 1 product offering and digitisation We are recognised as a leader in the industry, having been named as the Best Private Bank for 2 Asia Pacific by Asian Private Banker in 2022,
Slide 17: Our aspiration is to become the world's leading private bank
Private Bank Our aspiration is to become the world’s leading private bank for Asian, international and HSBC-connected clients Leverage Asian Building on Hong Kong and Singapore as international wealth hubs, while growing our Asian business with expansion and enhanced Strength proposition in mainland
Slide 18: Expanding our footprint to capture fast-growing wealth pools in the region
Private Bank Expanding our footprint to capture fast-growing wealth pools in the region, with our strong brand in Asia and extensive global network Key booking hubs and coverage Onshore market expansion since 2020 Hong Kong Mainland China Expanded footprint to 6 cities, the most extensive coverage
Slide 19: Intra-group collaboration remains a cornerstone of client acquisition and growth
Private Bank Intra-group collaboration remains a cornerstone of our client acquisitions and growth Strong referral channel with HSBC global Leveraging broad product capabilities across the businesses to grow client acquisition and new Group to deliver the best of HSBC to our clients assets from Grou
Slide 20: Our product offerings: a comprehensive suite of solutions
Private Bank Our product offerings: a comprehensive and innovatively curated suite of solutions to meet the evolving needs of our clients Enriching our offerings in an ever-changing market environment Expanded our offering with new thematic mandates to complement our flagship Bespoke Credit core m
Slide 21: Digitalisation: transforming the client experience
Private Bank Digitalisation: transforming the client experience with an ecosystem of leading digital solutions Digital solutions to improve every step of the client journey Intelligence & insights for investments Insights & Research with latest market information on mobile and desktop, empowering
Slide 22: GPB Asia has delivered strong net new invested assets and resilient revenue growth
Private Bank GPB Asia has delivered strong net new invested assets and resilient revenue growth Revenue Profit before tax Asia is a key contributor to the Group’s GPB - Asia Global Private Banking business $1.9bn $0.6bn GPB - RoW Client assets Revenue growth Contribution by booking centre within Asi
Slide 23: Best Private Bank for Asia Pacific by Asian Private Banker (2022)
Private Bank Best Private Bank for Asia Pacific by Asian Private Banker (2022) for the second consecutive year, a testament to our leadership position in the industry Industry awards in 2022 Asian Private Banker 12th Awards for Distinction 2022 The Asset Triple A Private Banking & WM Awards 2022 B
Slide 24: Conclusion
Private Bank Conclusion We are well positioned to capture the fast-growing wealth pools in Asia with our strong 1 footprint, global network and universal banking model We have built a leading platform and proposition, with a clear focus on digitising the bank 2 for the future We are making strides t
Slide 25: WPB South & South-East Asia
WPB South & South-East Asia Greg Hingston | CEO, Global Insurance and Partnerships
Slide 26: Key messages
WPB S&SEA Key messages Well positioned to capture opportunities in South and South-East Asia (S&SEA), a region with long-term 1 high growth potential and favorable demographics 2 Accelerating returns and growth in our target segments Enhancing capabilities to serve customer needs across the client c
Slide 27: S&SEA: fast growing, increasingly affluent and upwardly mobile population
WPB S&SEA S&SEA: fast growing, increasingly affluent and upwardly mobile population S&SEA Asia is home to some of the fastest With a young, rising middle class Creating opportunity in the region across growing economies in the world population wealth and lending 2021 real GDP, $bn1 Real GDP growth x
Slide 28: HSBC presence: focus on growth and internationally connected markets
WPB S&SEA HSBC presence: focus on 8 growth and internationally connected markets serving customers across the continuum Revenue, $bn Invested assets, $bn Transactional Wealth Private Asset Insurance Market Banking & Contribution to WPB Asia (2022): 21% Contribution to WPB Asia (2022): 18% Distributi
Slide 29: Wealth: accelerating growth with organic and inorganic initiatives
WPB S&SEA Wealth: accelerating growth throughout the region with organic and inorganic initiatives Wealth revenue1 ($bn) Total invested assets ($bn) Integration of AXA into HSBC Life Singapore Expand our L&T acquisition, making us the 14th largest fund footprint & house in India2 +21% +21% prese
Slide 30: International Connectivity: S&SEA markets connecting clients with global corridors
WPB S&SEA International Connectivity: S&SEA markets play an integral role in connecting our clients with global corridors Singapore onshore/offshore personal finance >50% >8% >800k c.3x assets3 Year on year growth in Year on year growth International International customer New to Bank of Internation
Slide 31: Key focus markets for S&SEA: Singapore and India
WPB S&SEA Key focus markets for S&SEA: building Singapore as a Wealth Hub and poised to capture growth opportunities across segments in India Singapore key metrics Strategic focus India key metrics FY22 vs. FY21 FY22 vs. FY21 Singapore Premier customer growth +9% Premier customer growth +5% Our st
Slide 32: Conclusion
WPB S&SEA Conclusion 1 Expansion in South and South-East Asia is a critical component of delivering our Asia strategy Providing regional and global connectivity to markets across South and South-East Asia; a region with high 2 growth potential and favorable demographics 3 We plan to further invest i
Slide 33: WPB digital
WPB digital Catherine Zhou | Global Chief Information Officer, WPB
Slide 34: WPB digital introduction
WPB digital WPB digital introduction Building digital scale and reach Resilient platforms Global digital capabilities Delivering global digital propositions Creating value from building digital ecosystems Customer focused Defining the future of banking through emerging technologies Innovat
Slide 35: WPB global digital overview – putting HSBC in our customers' pockets
WPB digital WPB global digital overview – putting HSBC in our customers’ pockets Building digital scale and reach Simpler, smarter, more secure global digital propositions Mobile X: global multi-market mobile platform FY22 Group technology spend of $6.1bn (up 19% vs. FY19) is a key enabler of our
Slide 36: Interconnectivity has changed consumer behaviour
WPB digital Interconnectivity has changed consumer behaviour Creating value from building digital ecosystems >75% market share of P2P payments1 Platform Social Media 2.9m customers2 Mobile Apps Cloud 50k merchant outlets2 Internet APIs >60% Millennial and Gen Z customer base3 Ecosy
Slide 37: Opening up new opportunities for our customers
WPB digital Opening up new opportunities for our customers Defining the Future of Banking through the exploration of emerging technologies HSBC Events Gaming Platforms to conduct virtual collaboration events to raise brand awareness for for closed set of clients and colleagues gaming population acro
Slide 38: Award-winning digital delivery
WPB digital Award-winning digital delivery Our award-winning customer experiences show customer centricity is at the heart of what we do The Digital Banker Global Asiamoney Asia Private Private Banking Banking Awards 2023 Awards Best Digital Private Bank in Asia Excellence in Client Onboarding and a
Slide 39: Product demos
WPB digital Product demos Showcasing some of our innovative capabilities Real-time international transfers proposition, the Mobile X breadth of Wealth Management services, and Personal Financial Management Helping customers to get their finances ready abroad, International before moving, through our
Slide 40: Appendix
Appendix Zp usec
Slide 41: Glossary
Glossary API Application programming interface IWH International wealth hub The Association of Southeast Asian Nations (ASEAN) is a trade bloc of 10 MENA Middle East and North Africa ASEAN member states: Brunei, Cambodia, Indonesia, Lao PDR, Malaysia, NNIA Net New Invested Assets Myanmar, the Philip
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