HSBC launches digital discretionary investment for retail customers

HSBC has launched a digital discretionary portfolio management service, "Portfolio+", becoming the first retail bank to offer such a service. The bank's portfolio managers invest on behalf of clients, who do not need to select individual investments or handle day-to-day investment decisions. Lillian Ng, Head of Wealth and Financial Solutions, Hong Kong at HSBC, said private banks already offer discretionary investment services, and the service is now being brought to retail customers through technology.