HSBC Private Banking has recently joined The WealthiHer Network Asia – an organisation founded to make the financial industry more female focused – as a move to advance the bank’s initiative to promote gender diversity in the financial services sector, empower female entrepreneurs and drive the economic advancement of women across the region.
The WealthiHer Network Asia, a regional chapter launched earlier this year, is a collaboration of leading banks with an objective of driving the global empowerment and advancement of women.
The network will be conducting new research in Singapore, Hong Kong and mainland China to understand the needs and attributes of female investors to form the change agenda needed to transform the finance industry. HSBC Private Banking is one of the founding partners of both its UK and Asia chapters.
“HSBC Private Banking takes gender equality in entrepreneurship seriously. Our recent research also reveals that a third of female entrepreneurs experience gender bias when raising capital for their business. Female entrepreneurs are clearly still playing catch-up and this needs to change. We are keen to help create a level playing field for them to succeed,”said Siew Meng Tan, regional head, Asia Pacific for HSBC Private Banking.