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.

2026-09-24

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.