05:28 PM EDT, 04/08/2024 (MT Newswires) -- (Updates with company's response in the last paragraph)

HSBC Holdings' ( HSBC ) top executive in Europe is looking to increase the unit's contribution to group profit by targeting Asian corporate clients pursuing expansion plans in the region, Reuters reported Monday.

HSBC Europe CEO Colin Bell added that the company also aims to boost income from ultra-high-net-worth families, according to the report.

A spokesperson for HSBC ( HSBC ) confirmed the report to MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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