People familiar said HSBC plans to re-enter India’s equity brokerage business
after more than a decade, aiming to capture a strong IPO pipeline and rising
demand for equities from high-net-worth clients. The move reverses its 2013 exit
from domestic retail brokerage and custody. HSBC has begun rebuilding an Indian
equities platform and is hiring top executives for cash equities and
institutional brokerage; sources said retail brokerage could launch within
months.