HSBC Private Bank to Open Office in Australia
HSBC Private Bank will be opening an office in Australia. It is targeting clients with AUD$10 million in bankable assets. The bank will be working for family offices, business owners and C-Suite executives from companies with relationships in HSBC’s commercial and global banking business.
Clients of HSBC Private Bank will be sold equities and derivatives and get access to discretionary investment management services using the local asset management teams in 30 countries.
News Source: Australian Financial Review
The Hong Kong and Shanghai Banking Corporation Limited (NYSE:HSBC) was established in 1865 to finance the growing trade between Europe, India and China. HSBC was born from one simple idea – a local bank serving international needs. Today, it covers 71 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America with around 4400 offices in both established and emerging markets, serving around 46 million customers through the Four Global Businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
- Origin : London, UK
- Assets : Euro 21.67 billion
- Revenue : Euro 721.3 million
- Employees : 266,000
Official Website: www.hsbc.com
News & Media: Press Release
Updated on 8th August 2016