UAEBusiness

HSBC debuts WorldTrader digital platform in UAE

HSBC has launched WorldTrader in the UAE, a digital trading platform providing customers with access to a wide range of investments globally, according to a press release.

WorldTrader will enable HSBC Wealth and Personal Banking (WPB) customers to access up to 80% of global stock market capitalisation to trade equities, exchange-traded funds (ETFs) and bonds.

They will also manage to invest in mutual funds and fixed-income products, deploying either HSBC’s mobile app or online banking.

It is worth highlighting that the UAE is the first market in the HSBC global network to launch WorldTrader, with select markets in Asia and the Middle East set to follow.

Mohamed Al Marzooqi, CEO of HSBC Bank Middle East, UAE, said: “Our new wealth trading platform empowers our customers by providing seamless access to trade equities, ETFs, and bonds across international capital markets, ensuring they have the tools they need to build and manage a truly global wealth portfolio.” 

Dinesh Sharma, Regional Head of Wealth and Personal Banking (WPB), EMEA, HSBC, commented: “We are digitising at scale to provide best-in-class wealth management solutions for our customers, that help them achieve their investment goals.”

“Simplicity, sophistication in user experience,access to global exchanges, and security were all top priorities for our customers in choosing an investment platform, and WorldTrader is built to meet those requirements,” Sharma added.

He concluded: “The UAE is one of the top five Wealth and Personal Banking markets for HSBC globally and launching WorldTrader here first further reinforces the importance of the UAE to the growth of our international wealth franchise.”

Source: mubasher

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