HSBC to maximize opportunities in Malaysia
While HSBC Malaysia had been growing in the last two years and was looking at its cost base very carefully, it has yet to fully penerate the Malaysian market.
Phillip Poole, Global Head of Macro and Investment Strategy at HSBC Global Asset Management, said emerging economies were the ones housing financial growth, therefore offered many opportunities for the bank to grow.
He identified Malaysia as a key emerging market with good trade performance and a stable domestic demand fuelled by the implementation of initiatives under the government's Economic Transformation Programme.
China, India and Central Asia were possible frontier markets for HSBC to expand in Asia, he told a media briefing here Wednesday.
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