Tag: HSBC

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Corporate

HSBC sees strong upside in ACME Solar, Clean Max

HSBC has taken a positive view on India’s renewable energy sector, initiating buy ratings on ACME Solar Holdings and Clean Max Enviro Energy Solutions, and highlighting strong upside potential in select green energy stocks.

The brokerage expects ACME Solar Holdings to benefit from India’s rapid expansion in solar and hybrid power capacity. It has assigned a buy rating with an estimated upside of around 28%, driven by rising corporate demand for clean electricity and supportive policy measures.

Shares of ACME Solar saw renewed investor interest after the coverage update, reflecting growing market confidence in large-scale renewable developers.

HSBC is also upbeat on Clean Max Enviro Energy Solutions, a leading supplier of renewable power to commercial and industrial clients. The company, which is preparing for its upcoming IPO, is seen as well-placed to tap rising demand from businesses shifting toward sustainable energy sources.

Clean Max operates in the fast-growing corporate green power segment, where long-term contracts with large firms provide steady revenue visibility. The brokerage believes this model, combined with India’s energy transition push, could support strong growth ahead.

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Leaders

HSBC hires Alfonso Gomez to head Swiss private bank

HSBC has named Alfonso Gomez as the new CEO of its Swiss private banking business, bringing in an experienced industry leader to strengthen its operations in a key global wealth centre.

Gomez will assume the role on April 27, 2026, and will also serve as HSBC’s country head for Switzerland. He will take over from interim CEO Daniel Calado, who had stepped in temporarily and will now return to his role as Chief Financial Officer.

With more than 30 years of experience in banking, Gomez joins HSBC from Spanish lender BBVA. He spent over a decade as CEO of BBVA Switzerland, where he built strong expertise in private banking and wealth management. His long career also includes roles across corporate banking and international markets.

Based in Geneva, Gomez will report to HSBC’s global head of private banking. His appointment is seen as part of the bank’s effort to strengthen its leadership and expand its wealth management business, particularly among high-net-worth clients.

Switzerland plays a key role in HSBC’s global strategy, serving as a major hub for private banking. The country attracts wealthy clients from across regions, making it a competitive and important market for international banks.

HSBC is increasingly focusing on growing its wealth segment, and bringing in an experienced executive like Gomez is expected to support that goal. His knowledge of both local and global markets is likely to help the bank improve its offerings and client reach.

Gomez is also familiar with the Swiss financial ecosystem. He has been involved in industry groups, including serving on the board of the Association of Foreign Banks in Switzerland.

The appointment comes at a time when global banks are stepping up efforts to capture a larger share of the wealth management market. Strong leadership is seen as critical in navigating competition and meeting the evolving needs of clients.

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1 Minute-Read

HDFC Bank shares fall further as HSBC cuts target

Shares of HDFC Bank fell for a fourth consecutive session, losing about 10 % over four days, as investor caution grew. The slide follows the recent resignation of the bank’s part‑time chairman and ongoing market pressures linked to global uncertainties.

Adding to the concerns, HSBC lowered its 12‑month price target for the bank from ₹1,070 to ₹990, citing valuation compression risks, though it maintained a ‘Buy’ rating.

Experts say the stock’s performance in upcoming quarters will be crucial for restoring investor confidence and stabilizing the market sentiment around India’s largest private lender.