l protection, trade insurance, employee benefits, corporate wealth management and a variety of other commercial risk insurance products in selected countries. GB&M: CMB franchise represents a key client base for GB&M products and services, including foreign exchange and interest rate products, together with capital raising on debt and equity markets and advisory services. Global Banking and Markets GB&M provides modified financial solutions to major government, corporate and institutional clients and private investors worldwide. The client-focused business lines deliver a range of banking capabilities, including financing, advisory and transaction services; a markets business that provides services in credit, rates, foreign exchange, money markets and securities services; and principal investment activities. GB&M is managed within the following framework: Client Coverage contains relationship managers organized by sector, region and country who work to understand client needs and provide holistic solutions by bringing together HSBC’s product capabilities. Markets provides sales and trading services which are categorized as follows: Credit and Rates sell, trade and distribute fixed income securities to clients, including corporates, financial institutions, sovereigns, agencies and public sector issuers. They also offer clients risk management solutions; Foreign Exchange provides spot and derivative products to meet the investment demands of institutional investors, the hedging needs of small and medium-sized enterprises, MMEs and large corporates in GB&M and CMB, and the needs of RBWM customers in its branches. Foreign Exchange trades on behalf of clients in approximately 90 currencies; and Equities provides sales and trading services for clients, including direct market access and financing and hedging solutions. Capital Financing offers financing and advisory services. Products include debt and equity capital raising, advisory, corporate lending, leveraged finance, asset and structured finance, real estate, infrastructure and project finance, and export credit. Payments and Cash Management products include non-retail deposit taking and international, regional and domestic payments and cash management services. Securities Services provides custody and clearing services to corporate and institutional clients and funds administration to both domestic and cross-border investors. Global Trade and Receivables Finance provides trade services for clients. Balance Sheet Management is responsible for the management of liquidity and funding. It also manages structural interest rate positions within the Markets limit structure. Global Private Banking GPB provides a range of services to high net worth individuals and families with complex and international needs within the company’s priority markets. Private Banking services comprise multicurrency and fiduciary deposits, account services, and credit and specialist lending. GPB also accesses the company’s universal banking capabilities to offer products and services such as credit cards, Internet banking, and corporate and investment banking solutions. Investment Management comprises advisory and discretionary investment services, as well as brokerage across asset classes. This includes a complete range of investment vehicles, portfolio management, securities services and alternatives. Private Trust Solutions comprise trusts and estate planning, designed to protect wealth and preserve it for future generations through structures modified to meet the individual needs of each client. Strategy The company would capture opportunities arising from social mobility and wealth creation in its priority growth markets across Asia-Pacific, Latin America and the Middle East, through Premier proposition and Global Private Banking business. The company would invest in full scale retail businesses only in markets where it can achieve profitable scale, namely in home markets of the United Kingdom and Hong Kong. Regulations The company’s legal entities are regulated by their local regulators and on a Group-wide basis is regulated from the U.K.
hsbc holdings plc (HSBA:London)
8 Canada Square
London, E14 5HQ
Phone: 44 020 7991 8888
Fax: 44 020 7992 4880www.hsbc.com
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