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May 05, 2015 6:18 AM ET


Company Overview of HSBC Bank Brasil S.A. - Banco Múltiplo

Company Overview

HSBC Bank Brasil S.A. - Banco Múltiplo, together with its subsidiaries, provides various banking products and services in Brazil. The company offers personal banking products, including current and savings accounts, mortgages and personal loans, motor and installment loans, credit cards, debit cards, and local and international payment services. Its wealth management products and services comprise insurance products, including travel, life, and motor insurance; investment products, such as time deposits, funds, stocks, and savings; asset management services; and financial planning services. The company also provides commercial banking products and services, which consist of receivables finan...

Travessa Oliveira Bello nº 34

4th Floor

Curitiba, PR 80020-030


20,488 Employees


55 41 3777 6161


55 41 3777 6606

Key Executives for HSBC Bank Brasil S.A. - Banco Múltiplo

Chief Executive Officer, President and Executive Director
Age: 49
Chief Financial Officer and Executive Director
Age: 43
Chief Operating Officer
Age: 42
Head of Asset Management and Executive Director
Age: 51
Deputy Chief Executive Officer
Age: 56
Compensation as of Fiscal Year 2014.

HSBC Bank Brasil S.A. - Banco Múltiplo Key Developments

Banks Have Limited Interest In Buying HSBC Brazil

Brazialian competitors may not be interested in HSBC Holdings plc (LSE:HSBA)'s Brazilian assets, HSBC Bank Brasil S.A. - Banco Múltiplo, reported Valor Econômico citing information from a bank executive.

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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