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29 Apr 2026
Volatility pushing the wealthy to focus on risk, succession: HSBC’s Tommy Leung
The shift is especially evident among business owners, whose wealth remains tied to their operating countries
[SINGAPORE] Market volatility is forcing high-net-worth investors to reshape their priorities, with private-banking conversations shifting away from pure returns towards risk management, diversification and succession planning, said Tommy Leung, HSBC’s head of global private banking for South Asia.
The shift is especially pronounced among entrepreneurs, who account for about two-thirds of HSBC’s private banking clients and whose wealth remains closely tied to their operating markets.