HSBC on hiring spree to drive UK wealth division ambitions

Exclusive: Europe's biggest bank hopes to double UK arm of its wealth and private banking operations

HSBC is recruiting hundreds of bankers to serve rich clients in the UK as it looks to head off growing competition from British rivals and take a larger slice of the wealth management market.

Europe's biggest bank is hoping to fortify the UK arm of its wealth and private banking operations by bulking up its team of relationship managers, who offer bespoke services and advice to rich clients in exchange for lucrative fees.