HSBC is planning to hire 1,000 new Asian wealth management operations employees; the announcement is part of a cost cutting initiative which has closed 60 branches in the UK and moved 200 IT-related jobs to Asia; the newly added employees will primarily be focused on Chinese retail banking and wealth management, adding to a team of 2,400 employees. Source
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Hardeep Walia spoke about the lack of transparency that exists in investing today with many investors investing in a black box as he demonstrates on stage; in turn, investors may be supporting companies who may not have the same values; sustainability is a trend and consumers are increasingly willing to pay more for sustainability but investors need to vote not just with consumption dollars, but also investment dollars; to that end Motif has launched a new digital wealth product called Motif Impact that allows investors to build an investment strategy around their values such as a sustainable planet, fair labor and good corporate behavior. Source
Offering products to retail investors is something a lot of online platforms have struggled with as they look for diverse funding sources; the panel at LendIt USA 2017 entitled: New Models of Raising Debt and Equity Funding: eREITs & More with Kendall Davis of Fundrise, Jilliene Helman of RealtyMogul.com and moderator Mesh Lakhani of Mark 2 Capital discussed one of these retail options; panelists focused on how they source deals, inbound versus outbound sales teams, and how you must learn to be selective when looking at dealflow; the eREIT is a good portfolio addition for investors, it is long term and lacks volatility; panelists also discussed their thoughts on the new Trump administration and future innovative ideas for their platforms. Source