Man wins nearly $400,000 on sports bet, only to have it all canceled by BetMGM
Woman dies after jumping out 3rd floor window during home invasion and shooting
Ben & Jerry's alleges parent company Unilever removed its CEO over social activism
Legal showdown as Justice Department resists judge's demand for more details on deportation flights
France to distribute ‘survival manual’ to prepare households for emergencies – including armed conflict
Boeing CFO flags worries over tariffs impact on parts availability
Google hit with 2 charges under landmark EU rules, risks fines
US crude stocks rise, gasoline and distillate inventories fall - EIA
Penn Badgley just gave us a crossover for the ages
The world's tallest teen, 7-foot-9 Olivier Rioux, is working to expand his NIL-earning power
By Tatiana Bautzer
NEW YORK (Reuters) - HSBC expanded its Americas equity research team to 24 people this year, adding to its coverage of U.S. stock markets for wealthy clients, the bank said on Tuesday.
HSBC hired 12 equity analysts for the region, increasing the equity team to 24 people and the group of researchers for all asset classes in the Americas to 40. Globally HSBC has 323 analysts covering all asset classes.
Daragh Maher, HSBC's head of research in the Americas, said the recruits enabled HSBC to broaden its equities coverage in the Americas to more than 250 stocks across 83 sectors.
Wealthy clients, particularly from Asia, are showing increasing interest in U.S. equities given the stronger growth prospects relative to other regions.
HSBC's wealth division had about $1.6 trillion in assets under management in the third quarter.
(Reporting by Tatiana Bautzer; Editing by Lananh Nguyen and David Gregorio)
