# OCBC has agreed to acquire certain assets and liabilities of HSBC's wealth and premier banking portfolio in Indonesia.

*business · news · 2026-05-04 · CNA*

## Key points

- OCBC Indonesia will acquire HSBC Indonesia's wealth and premier banking portfolio, adding 336,000 customers.
- The transaction adds S$6.6 billion in assets under management and about 1,300 new staff to OCBC Indonesia.
- OCBC expects the deal to increase its Indonesian AUM by 25% and credit card balances by over 150%.
- The acquisition will be funded internally and is expected to close in Q2 2027.
- This is OCBC CEO Tan Teck Long's first major acquisition since his January 2024 appointment.

**Companies:** Oversea-Chinese Banking Corporation (OCBC), HSBC
**Countries:** Singapore, Indonesia

[Read the full story on CNA](https://www.channelnewsasia.com/business/ocbc-buy-hsbc-wealth-premier-banking-portfolio-indonesia-6098621)

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