Investor Presentaiton

Opening up a world of opportunity Our Strategy Asia Wealth Digital Business Services Financials Strongly positioned to capture the wealth opportunity Wealth is the most attractive segment for growth and profitability Wealth is a distinctive source of structural growth in financial services A growing affluent and HNW population globally, particularly in Asia ◆ Lower for longer rate environment coupled with higher liquidity resulting in greater client demand to diversify into wealth products Capital light, higher return with a higher proportion of recurring revenue Significant potential to accelerate growth of our c.$8bn Wealth Management revenues* based on HSBC's strengths Р Capture growth across our full 'client continuum' from >4m mass affluent to Ultra High Net Worth clients. $1.6tn 50 in wealth balances growing by >$160bn in 2020; 2nd largest wealth manager in Asia 51 Capitalise on our international network - booking centres across major global hubs to capture both on-shore and offshore wealth (mainland China, Channel Islands, Hong Kong, Singapore, Switzerland, UK, US) Wealth AUM 48 2019 CAGR APAC 49 8.5% 4.7% CAGR (ex-Japan) N. America 4.4% MENA 3.9% W. Europe 2.4% Rest of World 3.7% 2025E *Note: of which c.50% is net fee income Take advantage of our significant wholesale franchise to acquire and deepen GPB relationships and significantly increase current 18% 52 penetration Leverage full range of in-house manufacturing capabilities - Insurance, Asset Management and Global Markets Build on our integrated hybrid digital and RM wealth capabilities for all segments 32

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