HSBC Private Bank
is the principal private banking
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 HSBC Bank plc
and its subsidiaries
including 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
, the Americas
, the Asia-Pacific
region, the Middle East
. At 31 December 2008, profits before tax were US$1,447 million and combined client assets under management
were US$352 billion.HSBC Guyerzeller Bank
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 York
. 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
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