HSBC launches mobile equities and exchange traded funds for UAE investors

HSBC launches mobile equities and exchange traded funds for UAE investors

The UAE is the first market in HSBC’s Middle East, North Africa and Turkey (MENAT) region to get Mobile Equities and follows the launch of the bank’s award-winning Global Money Account for mobile banking which allows customers to send funds around the clock in real time to any HSBC bank account in 20 countries and territories worldwide in 21 currencies at preferential exchange rates.

“Digitising at scale is one of the four pillars of HSBC’s global strategy that supports our ambition to be the preferred international financial partner for our clients and which makes the UAE – with its outstanding digital infrastructure and strong focus on international wealth management – the perfect place for us to introduce Mobile Equities,” said Nuno Matos, Chief Executive of Wealth and Personal Banking (WPB), who was in HSBC Tower, the bank’s UAE headquarters, to unveil the mobile solution to the market.

“The UAE is a growing global hub for international wealth management, a key location for customers demanding sophisticated digital wealth solutions, and an important market for HSBC’s wealth and personal banking business globally, which is why we chose to bring Mobile Equities to the UAE after its initial launch in Asia,” Nuno added.

Mobile Equities gives