Growing the US business and boosting our return on capital to above 6 per cent by 2020 is one of our eight strategic priorities.
We're sharing our business acumen with more women to ensure they can succeed in one of the world's most competitive markets.
Our HSBC colleagues will offer advice and feedback at the AllBright Club in West Hollywood, California, later this year, strengthening our relationship with the organisation that supports women at all stages of their career.
Earlier this year we launched our partnership with AllBright in London to support its Pitch Days, during which business founders present business plans to a panel of industry leaders and investors in the hope of winning their backing.
"The US West Coast is an incredible hub for entrepreneurs across technology, healthcare and fashion industries," said HSBCs Dana Dotoli, Senior Vice President for Global Private Banking in the Americas.
"HSBC is passionate about breaking down the barriers that female business leaders face when it comes to funding and growth. We're proud to partner with an organisation that helps provide more funding opportunities for women. AllBright's Pitch Days are helping facilitate positive change so that more businesses can thrive."
Anna Jones, AllBright co-founder, said: "The success of our London Pitch Days is testament to how important HSBC's wealth of business knowledge, global connections and decades of experience are to helping us achieve our joint ambition of supporting female entrepreneurs."
As part of our plan to turnaround our US business, we're opening new retail branches across the West Coast and targeting a greater share of business in corporates and multinational companies through increased coverage, supported by cash management and lending product expansion.
Global Private Banking CEO António Simões visited the West Coast last month, taking the opportunity to visit the new AllBright Club and hold meetings with existing and potential clients in Los Angeles, San Francisco and Seattle.