HSBC Private Bank
Encyclopedia
Private banking
Private banking is banking, investment and other financial services provided by banks to private individuals investing sizable assets. The term "private" refers to the customer service being rendered on a more personal basis than in mass-market retail banking, usually via dedicated bank advisers...
business of the HSBC Group. The HSBC Private Banking Group's holding company is HSBC Private Banking Holdings (Suisse) S.A.. The holding company is wholly owned by British bank HSBC Bank plc and its subsidiaries include HSBC Private Bank (Suisse) S.A., HSBC Private Bank (UK) Limited, HSBC Private Bank (C.I.) Limited, HSBC Private Bank (Luxembourg) S.A., HSBC Private Bank (Monaco) S.A. and HSBC Financial Services (Cayman) Limited.
HSBC Private Bank, together with the private banking business of HSBC Trinkaus, known collectively as Global Private Banking, provides services to high net worth individuals and their families through 96 offices in some 43 countries and territories in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, the Americas
Americas
The Americas, or America , are lands in the Western hemisphere, also known as the New World. In English, the plural form the Americas is often used to refer to the landmasses of North America and South America with their associated islands and regions, while the singular form America is primarily...
, the Asia-Pacific
Asia-Pacific
Asia-Pacific or Asia Pacific is the part of the world in or near the Western Pacific Ocean...
region, the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
and Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
. At 31 December 2008, profits before tax were US$1,447 million and combined client assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
were US$352 billion.
HSBC Guyerzeller Bank
HSBC Guyerzeller Bank
HSBC Guyerzeller Bank AG, a member of the HSBC Group, was a Swiss private bank advising individuals and families in all matters of wealth management, investment advice and trust services. Its head office was in Zurich, and it had two branches in Geneva, as well as representative offices in Hong...
was asubsidiary HSBC Private Bank. In 2009 the bank’s business was re-branded HSBC Private Bank.
HSBC Private Bank (Suisse)
HSBC Private Bank (Suisse) S.A. was established in 1988 as Republic National Bank of New York (Suisse) S.A.. It was the subsidiary of Republic New YorkRepublic New York
Republic New York Corporation was the holding company for the Republic National Bank of New York and the Safra Republic Bank. The company was controlled by billionaire Edmond Safra, who was killed in a fire in his Monte Carlo penthouse apartment by his nurse Ted Maher...
. In 1999, it became a part of HSBC following the acquisition of Republic New York. The bank changed its name to HSBC Republic Bank (Suisse) and then to HSBC Private Bank (Suisse). HSBC Private Banking Holdings (Suisse) owns 94.5% of the bank shares and HSBC Bank USA
HSBC Bank USA
HSBC Bank USA, National Association, the American subsidiary of UK-based HSBC Holdings plc, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia . HSBC Bank USA, N.A...
owns the other shares (Republic New York was merged with HSBC Bank USA).
See also
- HSBC Bank plc
- HSBC Bank USAHSBC Bank USAHSBC Bank USA, National Association, the American subsidiary of UK-based HSBC Holdings plc, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia . HSBC Bank USA, N.A...
- HSBC Guyerzeller Bank AG
- HSBC Trinkaus & Burkhardt AG
- Property Vision
- Republic New YorkRepublic New YorkRepublic New York Corporation was the holding company for the Republic National Bank of New York and the Safra Republic Bank. The company was controlled by billionaire Edmond Safra, who was killed in a fire in his Monte Carlo penthouse apartment by his nurse Ted Maher...