HSBC to open new wealth centre in Abu Dhabi despite regional conflict

scmp_business · 2026-10-24 · Bullish AI sentiment

$HSBC

HSBC, the biggest lender in Hong Kong and Europe, will open a new wealth management centre in Abu Dhabi in December, as the lender has not found the conflicts in the Middle East have dampened demand for its wealth business in the region, according to a senior executive. Mohamed Al Marzooqi, CEO of HSBC in the United Arab Emirates (UAE), said the new project formed part of the lender’s largest investment in the Middle East in two decades, after the opening of a wealth management centre in Dubai..

Sector coverage: Financial Services · Banks - Diversified

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