Investor Presentaiton

Asset Management Our Asset Management business delivers attractive returns, and is positioned to benefit from managed asset growth in Asia. Managed asset pools are forecast to grow strongly USD Market growth Total Global AUM¹ +6% +10% Asia 2012 2020 Total Global pension fund assets 1 +7% opportunity HSBC Asset Management performance +10% Asia 2020 Middle East Latin America Asia Pacific Europe 2012 +15% North America CAGR +17% Q1 2014 Q1 2015 Revenue² Q1 2014 Q1 2015 AUM² This growth provides opportunities for us Asia focus ☐ Retirement Group clients Distribution footprint aligned to forecast growth of managed assets in key emerging markets Defined contribution pensions growth, driving reliance on investments for retirement income Group customer base including relationships with pension funds and insurance companies We have already moved on these Deepened relationships with pension, insurance and corporate clients Developed core asset allocation solutions for RBWM Deployed a single global investment process and platform; ongoing alignment with GPB for management of discretionary portfolios ■ Differentiated products and services through highest standards of fiduciary conduct and governance And we are positioned for future growth Participating in growing managed asset pools driven by individual investors' wealth, savings and retirement plans, particularly in Asia Driving continued growth from Group retail distribution channels Leveraging Group connectivity to meet needs of institutional clients, both long-term and liquidity management Potential for selective acquisitions to strengthen franchise 1. Source: PwC Report "Asset Management 2020 - A Brave New World" 2. Principal RBWM financial data presented on an "adjusted" basis with comparatives translated at Mar 2015 exchange rates 13

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