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HSBC Plans to Hire 100 Employees in Brazil to Deal with Mortgage

Dec. 27 (Bloomberg) -- HSBC Holdings Plc said it is hiring about 100 employees and creating a team specialized in lending for existing real estate in Brazil to deal with the demand from its partnership with Brasil Brokers Participacoes SA, according to a statement sent by e-mail by its external press office in the South American country.

The bank expects to lend 4.5 billion reais for Brazilian mortgages in the next five years, due to the partnership signed with the real-estate company in October, said the statement.

To contact the reporter on this story: Fabiola Moura in New York at fdemoura@bloomberg.net

To contact the editor responsible for this story: Jose Sergio Osse at josse1@bloomberg.net

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