HSBC to add 1,000 jobs in China

UK based bank HSBC, a founding stakeholder of Asia House, is set to add up to one thousand jobs in China’s Pearl River Delta region, according to a Reuters report Friday.

The jobs will boost the retail and wealth management arm of the bank in southern China, bolstering its staff to 3,400.

HSBC grew by 51% in the Pearl River Delta region last year, which encompasses 11 cities and has an economy larger than Indonesia.

Asia represents the largest segment of revenue for the bank and Chief Executive Stuart Gulliver announced a five year strategy for jobs and growth in the region last year.

The news comes as British banker Mark Tucker takes up the chairmanship of the group, joining from Asian Insurer AIA.