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HSBC Asset Mgmt Approved to Open Branch in UAE
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HSBC HOLDINGS (00005.HK)'s asset management division was approved to open a branch in the UAE. HSBC Asset Management's CEO for Asia and the Middle East, Daisy Ho, stated that the new Dubai branch will initially offer investors 10 domestic funds.

She highlighted the group's long-term commitment to the Middle East region, considering it one of the fastest-growing wealth markets in the world.

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