HSBC UK is launching a wealth academy across 15 global markets as the bank looks to grow its wealth division at scale and become a top five wealth manager.
Starting this autumn, HSBC’s Wealth Academy will provide academic accreditations and access to leading educational resources. It will be available to colleagues in the Channel Islands and Isle of Man, China, Hong Kong, India, Malaysia, Mexico, Singapore, Taiwan, UAE, UK, and the US.
While the foundation course will be open to all colleagues, the top-performing advisers will have access to the Wealth Excellence curriculum, accredited by the London Business School.
The academy complements HSBC UK’s existing ‘Academy Pathway’ development programme, which launched last year.
Christopher Dean, managing director of wealth, premier and personal banking, said:
“It is no secret that there is a growing talent shortage within the wealth management industry in the UK, at a time where customer demand continues to grow and client needs are becoming increasingly sophisticated.
“To continue to offer our customers stand-out, personalised services, we are focused on creating world-class training capabilities and investing in our people’s development over the long-term.”
Dean said the academy will help HSBC UK stand out in “one of the most competitive landscapes”.
“Simultaneously, we are committed to helping attract fresh talent into the industry, by helping colleagues who have great skills but lack industry experience get into wealth management,” he added.
“We also remain focused on supporting women to thrive in an industry that remains very male-dominated. We are proud of the fact four in ten of our wealth managers are women – which is double the industry standard.”
Helen Kerkentzes, associate dean, executive education at London Business School, said: “We are delighted to partner with and support HSBC UK’s Wealth Academy initiative, by providing transformative learning that will empower the next generation of industry professionals and help them thrive in a rapidly evolving industry.
“This exciting collaboration reflects our longstanding partnership with HSBC and shared commitment to shaping the future of wealth management, through our world class faculty and number one ranked executive education programme.”
