HSBC will open a new wealth management center in Abu Dhabi in December, stating that the Middle East conflict has not affected business demand. Mohamed Al Marzooqi, CEO of HSBC UAE, said this is HSBC's largest investment in the Middle East in 20 years, and that high-net-worth clients in the region are still growing strongly despite global and regional geopolitical uncertainties. He noted that HSBC acquired many new high-net-worth clients in the UAE in the first half of this year, even after the US-Israel conflict with Iran began in late February.