October 24, 2016 3:26 AM ET


Company Overview of HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC

Company Overview

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, through its subsidiaries, provides various banking products and services in Mexico. It offers demand and checking accounts, credit and debit cards, and electronic statements; and personal loans, credit inmediauto, and mortgage credit. The company also provides term investments and investment funds; insurance products and services; and Internet banking, mobile, ATMs, and automatic depository services. In addition, it offers business accounts and payroll, financing, protection, and cash management services; accounts and payroll services; and investment services. The company serves clients through a network of 974 branches ...

Avenida Paseo de la Reforma # 347

Office 5

Col. Cuauhtemoc

Del. Cuauhtémoc

Mexico City, DF 06500


Founded in 1941

16,178 Employees


52 1 55 5721 5661

Key Executives for HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC

Chairman of The Board, Chief Executive Officer and General Director
Age: 56
Depity Chief Executive Officer
Managing Director
Head of Risk
Compensation as of Fiscal Year 2016.

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC Key Developments

Nova Scotia Bank And Grupo Financiero Reportedly In Talks To Buy HSBC's Latin America Assets

The Bank of Nova Scotia (TSX:BNS) (Scotiabank) and Grupo Financiero Ve Por Más, S.A. De C.V (Ve por Más) are in talks to buy HSBC Holdings plc's (LSE:HSBA) Latin American assets, including banks in Mexico and Brazil, El Financiero reported April 7, 2015, citing sources close to the negotiations. Ve por Más is reportedly interested in HSBC México SA Institución de Banca Múltiple Grupo Financiero HSBC (HSBC Mexico, S.A.), which has a strong financial position despite the accusations that it has facilitated money laundering and tax evasion. For its part, Scotiabank could be after HSBC Mexico and/or HSBC Bank Brasil S.A. - Banco Múltiplo, although the high price tag for the latter has reportedly postponed a possible deal, the report said. HSBC Group Chief Executive Officer Stuart Gulliver is reportedly under pressure to sell some of the bank's assets to meet the group's growing demand for capital at home. Although a Scotiabank representative contacted by SNL said the bank does not comment on speculation regarding acquisitions, he said that Mexico is one of the bank's "priority markets".

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Recent Private Companies Transactions

Private Placement
October 11, 2016

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