HSBC’s Swiss Private Bank Boosts Some Banker Pay to Stem Exits

HSBC Holdings Plc’s Swiss private bank is boosting the pay of some of its staff as it looks to ward off exits, according to people familiar with the matter.

The Swiss arm has been increasing compensation of staff, including relationship managers, according to the people, who asked not be identified discussing internal matters. The unit has seen a number of exits in recent months, including interim head John Shipman, who left last month to join Barclays Plc.