The Chinese New Year Term Deposit Bonanza
Agency
Multicall Connexions
Client
HSBC Bank Australia
Awards
Gold
Multicultural/Indigenous
Case Study
Summary
HSBC Australia was keen to strengthen its liabilities portfolio by attracting new term deposits.. Armed with a market-leading rate, a minimum eligibility of A$200K, 16.3% less media spend and the art of ‘guanxi’, we showcased the power of multicultural marketing, when done right. Targeting an Asian audience using a fully integrated, culturally & linguistically relevant communication campaign, we shifted the decision from ‘financial’ to ‘cultural’. In so doing, we achieved a 463% YOY growth in term deposits, eclipsing our campaign target by 290% to produce the most successful TD campaign in HSBC Australia’s history.
Case study
Case studies are free for ACA members and Round Two Effie Judges. Email effies@adcouncil.org.au for your discount code.
All Educational Institutions wishing to access case studies are required to contact effies@adcouncil.org.au.
Credits
| Author | Daniel Assaf | Multicall Connexions | |||||||
| CEO | Sheba Nandkeolyar | Multicall Connexions | |||||||
| Account Director | Naomi Hama | Multicall Connexions | |||||||
| Head of Marketing | Vic Wolff | HSBC Bank Australia | |||||||
| Senior Marketing | Dajana Badzim | HSBC Bank Australia | |||||||
| Assistant Campaign Manager | Melissa Ison | HSBC Bank Australia | |||||||
| Head of Savings & investments | Michael Danby | HSBC Bank Australia |
