HSBC Wealth and Personal Banking’s Post

HSBC’s global Quality of Life* report reveals parents around the world are potentially compromising their financial futures to fund their children’s international education. According to the study, 51% of parents globally either aspire to send their children to university overseas or have a child currently studying overseas, despite costs representing between 20% and 66% of required retirement savings across surveyed markets. International education is a top aspiration for families around the world, but as our research shows, planning for it can be overwhelming. To help current and future international students feel better prepared, we’ve partnered with our global network of international student graduates who have been through their own overseas education journey and have tips, insights, and advice to share. Watch our video below to learn something new, and for more information, visit: https://grp.hsbc/6046YDb0i #HSBC #WPB #InternationalEducation *HSBC’s Quality of Life research surveyed over 11,200 affluent adults across 11 markets

HSBC’s global Quality of Life* report reveals parents around the world are potentially compromising their financial futures to fund their children’s international education. According to the study, 51% of parents globally either aspire to send their children to university overseas or have a child currently studying overseas, despite costs representing between 20% and 66% of required retirement savings across surveyed markets. International education is a top aspiration for families around the world, but as our research shows, planning for it can be overwhelming. To help current and future international students feel better prepared, we’ve partnered with our global network of international student graduates who have been through their own overseas education journey and have tips, insights, and advice to share. Watch our video below to learn something new, and for more information, visit: https://grp.hsbc/6046YDb0i #HSBC #WPB #InternationalEducation *HSBC’s Quality of Life research surveyed over 11,200 affluent adults across 11 markets

Ding ding ding! We are officially the winner of the Digital Diversity Initiative of the Year with HSBC 🏆 As you know, we’re a mission-driven tech company founded upon the belief that talent is spread evenly, but opportunity is not. But in working with partners like HSBC, we’re changing things, driving social mobility at an unprecedented scale. But how are we doing it? 👯 1:2:1 mentoring: Members are matched with a HSBC career mentor for virtual mentoring sessions on our platform, to provide bespoke career support and guidance. 👩💻 Live masterclasses + Supporting content: Focused on upskilling and confidence building, our content allows our members to directly participate and engage with HSBC presenters 🤑 Financial literacy sessions: Designed to equip students with the means to navigate financial decisions effectively, empowering them with crucial financial literacy skills, bridging gaps in knowledge and fostering long-term financial health. 💼 Work experience and apprenticeship opportunities: Our members are levelling up with HSBC with everything from Join Me Days to career opportunities, getting a seriously big name on their CV Our work with HSBC allows them to have access to the thousands of the brightest young minds in the UK, from school right through to graduation. Our work with HSBC allows us to bridge the gap between ambitious students and their potential futures, opening a world of opportunity and levelling the playing field like never before. All round wins. And unreal to see this work being recognised. Cheers Computing.co.uk ✅ More to come. Let’s goooooooo. #DEI #financialliteracy #socialmobility

🕰️ Throwback Thursday Alert in London 🔄! More than a quarter of a century has whisked by since I spent my days working on the eleventh floor of this iconic building in 125 London Wall (the one that is built over the roadway). That was a time when I embarked on an enriching journey with a traineeship in the London desk of the Austrian bank Creditanstalt (which has since merged into Unicredit Bank Austria). Despite the years, the building stands almost unchanged, a testament to time's gentle passing, unlike the leaps and bounds by which I've grown personally. 🏦✨   Recently, I had the delightful opportunity to take my teenage kids to see this very place. It was more than a stroll down memory lane; it was a lesson in history, resilience, and the pursuit of dreams against the odds. I shared with them how, back in that days, a mobile phone was an appliance affordable only for few people. Applications were mailed – yes, with stamps and everything! Maps were paper, not pixels, and finding a place to live wasn't as easy as a few clicks. 📬🗺️   Coming from a household without academic accolades or a passport filled with stamps, I wanted my kids to understand: curiosity, resilience, and a willingness to embrace challenges can pave the way to incredible journeys. 🚀   This visit was more than nostalgia; it was a teaching moment. It was about showing them that despite technological leaps and societal shifts, the core ingredients for success remain unchanged - curiosity, determination, and the courage to step into the unknown. 🌟   So, to anyone reading this, let my little #TBT serve as a reminder: the world is vast, opportunities are endless, and your current circumstances are not your final destination. If there's something out there calling to you, whether it's professionally or personally, give it a shot. 💼🌍   #LifelongLearning #ThrowbackThursday #PersonalDevelopment

Hello Connections, I am thrilled to share my learning’s from my internship. This week we did a research on Chinese Bank Crisis under the guidance of our external mentor Balachandran Venkataraman, CFA . 🏫Chinese bank crises offer a wealth of cautionary tales for economic research analysts. A primary concern is the outsized role of the shadow banking sector. These unregulated institutions fueled rapid credit growth, but their reliance on short-term funding to make long-term loans created a ticking time bomb. When economic conditions soured, these institutions faced liquidity shortfalls, and defaults cascaded through the financial system, threatening broader instability. 📊Another key lesson lies in the interconnectedness between Chinese banks and state-owned enterprises (SOEs). Banks heavily invested in SOEs, creating a dangerous feedback loop. When SOEs stumbled financially, banks holding their debt suffered as well. Additionally, implicit government guarantees for some banks encouraged riskier lending practices, as institutions expected bailouts in case of trouble. This "moral hazard" further exacerbated vulnerabilities. 📈Furthermore, the crises exposed critical regulatory gaps. The rapid growth of the financial system outpaced regulatory development, leaving many institutions unsupervised and vulnerable to risky behavior. Weak accounting standards and a lack of transparency further clouded the picture, making it difficult to assess the true financial health of banks and other financial players. 📊These crises underscore the importance of prudent liquidity management. Banks need to maintain adequate reserves and diversify their funding sources to weather periods of financial stress. Additionally, a well-functioning real estate market is crucial, as booms and busts in this sector have often been linked to Chinese bank crises. 🗓️Finally, the effectiveness of government intervention during these crises merits close scrutiny. While government action can help stabilize the system in the short term, it's important to consider potential drawbacks, such as discouraging market discipline and delaying necessary reforms. #Pune Institute of Business Management #PatersonSecurities

‘We’re a company like no other!’ Hearing that classic phrase produces an almost reflexive eye role when you’ve heard it as often as I have. The classic lip service big financial companies give to ambitious aspriring students such as myself can get repetitive to say the least. But surprisingly this was different. I had the humbling opportunity to join Young Professionals x Lloyds Banking Group on a virtual insight program earlier this week. Being fascinated by what esteemed banks do within our current economic climate - I was intrigued by this event. It was hosted by a panel of a range of LBG’s employees, ranging from recruiters informing us about how to stand out to current apprentices giving us a realistic insight to the bank’s proactive nature to upskilling. I was pleasantly surprised in hearing about LBG could offer me as a prospect that could enroll in the near future. What stood out the most to me was the culture of support that has been fostered throughout. Hearing about the plethora of networks on offer showcased LBG’s dedication to their staff - demonstrating an enforced people culture. This newfound understanding led me to connect with members of that same panel. We had insightful discussions of what LBG could offer as a post-18 student as well as the ideal candidate that they would want to employ full time. Some words of advice, you don’t have to be perfect! Networks with current employees helps to not only break down the barriers we would subconsciously build between eachother, but helps to find a potential buddy willing to support you on your journey. I’m a big advocator for us as students to put ourselves out there and build relationships with current professionals, and I can confidently say I’m in a much stronger, more relaxed, more understanding position than I was less than a week ago since I’ve had these discussions. To conclude, a huge thank you to Young Professionals for hosting such a successful and educational event. Big appreciation going out to those on that same panel such as Philip Hocking and Grainne Longman CMgr FCMI for being so happy to share their experiences and expertise - inspire future applicants such as myself.

Many young Corporate/Commercial bankers are not receiving the mentorship that they need to develop further in their careers unless they are part of the identified High-Potential group in their respective organisations. As a business head in a global bank, I have had lots of experience in mentoring bankers from different countries over the years and many of the issues faced are similar regardless of geography. It is time to give back to the industry as I have had a few good mentors who have helped me in my career. Thus it is my intention to provide a safe environment for bankers to be mentored in small groups or even one-on-ones if needed. Sometimes, being able to speak to someone outside your own organisation is important. If you are a young banker in Singapore or ASEAN with less than 10 years in banking and feel like you are threading water in your career, PM me and let's have a chat. #CorporateCommercialBanking #DevelopingBankingTalent #Mentorship #Givingback #Takecharge #Buildingnetworks

I thoroughly enjoyed SWEN's Natwest Insight event orchestrated by Aisha this Friday, featuring the esteemed guest speakers - Jo Wharton, a graduate trainee in internal audit at Natwest, Yinka Fadina, the Head of Audit at Natwest, and Nick Howe, a Natwest Enterprise Manager. I'm deeply appreciative of their invaluable insights, which provided me with a wealth of knowledge. They offered profound insights into navigating a career in the banking industry and shed light on Natwest's organisational culture and commitment to diversity and inclusion. Their collective wisdom was truly remarkable, and here are some standout quotes from each of them: Jo emphasised the importance of learning from past experiences and not being afraid to make mistakes as the path that others may take may not be the one for me. This links back to a word of wisdom given to me by Dr Theodora, that failure should be defined as the first time of learning, and along my journey, I should take everything in stride as that will lead me to success. Yinka imparted the wisdom that life's journey is anything but linear, advocating for setting goals incrementally, akin to climbing a ladder. I learnt that understanding what I want most out of my career is an important first step to setting my goals. Nick drew from his extensive experience as a longstanding employee of Natwest, highlighting the vital role of soft skills and emphasising the importance of prioritising solutions to customers' problems for businesses. I extend my heartfelt thanks to everyone at Natwest and the University of East London for their tireless efforts in making this event a reality. In closing, I'd like to pose a question: Based on your own experiences, what advice would you offer someone navigating career ambitions, entrepreneurial endeavours, and networking? #natwest #uel #SWEN #bankingindustry #insight