Bank of China Hong Kong (BOC Hong Kong) has announced a new hiring plan to strengthen its wealth business.

In an interview to Bloomberg, BOC Hong Kong Private Banking managing director Wendy Tsang unveiled plans to increase the firm’s pool of relationship managers from 120 to 144, an increase of around 20%. The number can be increased by up to 50% in the future, based on the availability of competent resources, she said.

The plan includes hiring resources from within the company as well as externally.

“In view of the market I hope we can have another at least 20, 30 percent. But if we can get 50, perfect,” Tsang was quoted by the publication as saying.

BOC Hong Kong launched its private banking business in 2012 with a workforce of three. In the last 20 months, the bank acquired Bank of China’s businesses in six different countries.

Asian Private Banker ranks BOC Hong Kong as the eighteenth largest private bank in Asia, with more than $30bn in assets at the end of 2017.

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