Philippines

HSBC relaunches Premier service in Philippines

HSBC has announced the relaunch of HSBC Premier in the Philippines, which was first introduced in March 2000 to attract more clients and seize growth opportunities in the market.

The relaunch was announced by Peter Faulhaber, HSBC’s Head of Retail Banking and Wealth Management Division for the Philippines; the service means that customers can provide their children with the same level of care in regards to their wealth, health and investments, as described in a news briefing in Manilla.

Of the relaunch, Faulhaber said that “(the) Majority of our customers are… well-educated Filipinos, The Philippine economy is expected to post robust growth... More people here have more money or those who aspire to be affluent.”

HSBC Premier has been described as enabling individuals to prosper and manage their wealth through a range of local and international services, and looks after the needs of families, spanning safety, protection, wealth and international connectivity, according to a report by Manila Standard.

Faulhaber continued, saying that “Based on insights from customers, we found that they want to build and preserve wealth so they can secure the future of their family. At HSBC, we want to be the financial partners to provide them access to wealth management services that will create a lasting legacy for their family.”