HSBC (NYSE:HSBC) shares were flat Tuesday, on opening 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.
Said CEO Michael Roberts, “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.
“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 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.
HSBC shares eked up eight cents to $41.70.
