While maintaining a long-term commitment to growing the company’s business in the Thai business, HSBC Thailand is utilizing its global communication and investment experience to assist both Thai and international customers in growing their businesses globally.
According to Mr. Gamba, the lender may keep assisting its customers in expanding and diversifying their onshore market investments.
- Best Director in Banking International
- Giorgio Gamba, HSBC Thailand’s Chief Executive Officer
The institution seeks to become Thailand’s top global bank for outbound business by assisting the growth of sizable Thai corporations both locally and internationally.
According to Chief Executive Officer Giorgio Gamba of HSBC Thailand,” Globalization is the company’s power in connecting our clients to new business prospects within Asean and past.”
In order to better serve the nation’s high-net-worth people and their people, HSBC Thailand has been constantly improving its functions there.
The bank may keep assisting its clients in expanding and diversifying their onshore market investments.
After introducing personal bank to the nation in February 2021, HSBC Thailand launched its upstream asset management division in September 2022. According to him, the lender has been successful in expanding the business segment.
Thailand is one of many nations and industries in the region where foreign direct investment ( FDI ) has increased. One-third of Thailand’s outbound FDI comes from Japan.
As many of China’s businesses are moving their manufacturing facilities to Thailand, China, which ranked second in terms of FDI next year, will play a bigger and bigger part in funding.
Thailand has attracted FDI in a number of sectors, but particularly in manufacturing, Vehicle production, kindness, care, and agriculture.
Additionally, HSBC Thailand wants to maintain its position as the industry leader for northbound foreign trade.
Based on the potential for growth in both the Thai and regional markets, the institution attained its position of leadership.
Asean, however, continues to be the fastest-growing trade bloc in the world, providing both businesses and investors with considerable wealth and trade opportunities.
We have ambitious development plans here because Thailand is a nation where we see great potential to grow and grow our business, according to Mr. Gamba.
With revenue increasing 28 % and profit increasing 55 % year over year, HSBC Thailand announced an impressive performance in 2022, setting a record high for the same period. To achieve these extraordinary rates of growth, it is essential to build strong relationships with customers, workers, and the larger group.
Additionally, the bank will keep funding its current operations, which include general bank, market and securities services, and private banking by investing in people, online infrastructure, among other things.
According to him, HSBC Thailand has finished a capital increase in response to the rise of local businesses.
The state method of HSBC was created concurrently with Thailand’s regional development strategy.
Global connection is the bank’s main business strategy for assisting business clients in investing and growing globally thanks to its extensive network and level of investment expertise.
The lender focuses on assisting clients in growing their businesses in the major financial hubs of the world, particularly in China, the US, Europe, Asean, and the Middle East.
In 42 states, the lender assists Thai users in expanding their businesses.
According to Mr. Gamba, HSBC Thailand has outlined a bold plan to prioritize sustainable funding and investment in order to support the transition to an net-zero world economy.
Thai clients are also encouraged by the bank to plan their portfolios and raise money for green investments.
After achieving$ 21 billion in 2022, the banks pledged to offer$ 1 trillion in green investments and financing by 2030.