(18 May 2012 – Malaysia) HSBC is looking to maximise opportunities in Malaysia, analysing the best way to fully penetrate the country’s market.HSBC Malaysia has been growing steadily in the past two years, however now as the bank looks at its cost base carefully; the bank has identified Malaysia as a key emerging market.
Phillip Poole, Global Head of Macro and Investment Strategy at HSBC Global Asset Management, said emerging economies were the ones housing financial growth, therefore offered many opportunities for the bank to grow.
He said Malaysia had good trade performance and a stable domestic demand fuelled by the implementation of initiatives under the government’s Economic Transformation Programme.
China, India and Central Asia were possible frontier markets for HSBC to expand in Asia, he told a media briefing on Wednesday.