HSBC renames its wholesale banking division

Print

22 Jan 2008

HSBC announced it has renamed its wholesale banking division Global Banking and Markets. The previous name for the division, Corporate, Investment Banking and Markets, will be demised.

"We launched our emerging markets-led and financing-focused wholesale banking strategy in the fourth quarter of 2006 and completed implementation over the course of 2007. Changing our name to Global Banking and Markets does not signal a change in strategy. Rather, our new name marks the end of the implementation of the change to our strategy, which has been well-received by clients, staff and shareholders," said Stuart Gulliver, Chief Executive of Global Banking and Markets.

"When we introduced our new strategy more than a year ago, we promised to be clearer about who we are and what we do. Our new name is straightforward and direct and aligns with how the business is managed," Mr Gulliver added.

HSBC also announced that Group Investment Businesses, which is part of the Global Banking and Markets division, will change its name to HSBC Global Asset Management.

Global Banking and Markets is comprised of five main businesses: Global Banking, Global Markets, Global Asset Management, Global Research and Principal Investments. Global Banking and Markets won several industry awards in 2007 highlighting its emerging-markets and financing expertise, including:

  • Middle East Loan House of the Year (IFR)
  • Rates House of the Year (mtn-i Global MTN Awards 2007)
  • Interest Rate Derivatives House of the Year (global award) (The Banker)
  • Islamic Products House of the Year (Asia Risk)
  • Best Debt House in Asia (The Asset)
  • Best Project Finance Advisory House in Asia (The Asset)
  • Best Debt House in China (The Asset)
  • Best Debt House in Hong Kong (The Asset)
  • Best Debt House in Malaysia (The Asset)
  • Middle East M&A Adviser of the Year (Acquisitions Monthly)
  • Real Estate Adviser of the Year (Acquisitions Monthly)
  • Global Adviser of the Year (Project Finance International)
  • Asia-Pacific Adviser of the Year (Project Finance International)
  • Best Risk Management House (global award)(Euromoney)
  • Best Risk Management in Asia (Euromoney)
  • Best Risk Management in Middle East (Euromoney)
  • Best Foreign Exchange in Asia (Euromoney)
  • Best Project Finance in Asia (Euromoney)
  • Best Debt House in Hong Kong (Euromoney)
  • Best Debt House in Saudi Arabia (Euromoney)
  • Best M&A House in Saudi Arabia (Euromoney)


HSBC Holdings plc

HSBC Holdings plc serves over 125 million customers worldwide through some 10,000 offices in 83 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of some USD2,150 billion at 30 June 2007, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.

HSBC Global Banking and Markets
HSBC Global Banking and Markets is an emerging markets-led and financing-focused business that provides tailored financial solutions to major government, corporate and institutional clients worldwide. Global Banking and Markets has offices in more than 60 countries and territories. Managed as a global business, HSBC offers clients geographic reach and deep local knowledge. For more information on Global Banking and Markets, please visit http://www.hsbcnet.com/gbm

Contact Global Banking and Markets

Send media enquiries to:


Global

Jezz Farr
Global Head of Communications, Global Banking and Markets


United Kingdom

Shani Halstead
Markets


Robert Baker
Banking


Lisa Baitup
Global Research


France

Sophie Ricord
Group Communications


Germany

Dr Christine Helbig
Global Banking and Markets


Turkey

Evren Altiok
HSBC Bank, Turkey


Hong Kong

Helen Lam
Group Communications


Asia-Pacific

Gareth Hewett
Group Communications


Adam Harper
Global Banking and Markets


Middle East

Paul Harris
Global Banking and Markets

United States

Juanita Gutierrez
Global Banking and Markets


Latin America

Lyssette Bravo
Group Communications