HSBC Bank (Chile)

HSBC Bank (Chile)
Type	Subsidiary of HSBC Holdings plc
Industry	Finance and Insurance
Headquarters	Santiago, Chile
Key people	Alberto A Silva, CEO
Products	Financial Services
Website	www.hsbc.cl/

HSBC Bank (Chile) is a subsidiary of HSBC Group. Presently, the bank is focusing on corporate banking and global Treasury.

History

The HSBC Group has had a presence in Chile since 1981. By 1985 it had three branches, two in Santiago and one in Valparaíso. In 1993 HSBC sold its operations to Banco O'Higgins, which was owned by the Luksic Group. In 1997 a merger between Banco O'Higgins and Banco de Santiago created Banco Santiago, one of the largest local banks in Chile and one in which HSBC continues to have a 7% shareholding. The acquisition of the former Republic National Bank of New York returned HSBC to Chile through two full service branches of HSBC Bank USA, in addition to a domestic factoring business.

External links

HSBC Chile website

HSBC

Board of directors	Douglas Flint (Group Chairman) Stuart Gulliver (Group CEO) Iain Mackay (Group Finance Director) Marc Moses (Group Chief Risk Officer) Phillip Ameen Kathleen L. Casey Safra A. Catz Laura Cha Lord Evans of Weardale Joachim Faber Rona Fairhead Sam Laidlaw John Lipsky Rachel Lomax Heidi Miller Sir Simon Robertson Jonathan Symonds

Brands	First Direct Hang Seng Bank HSBC HSBC Expat HSBC Premier HSBC Private Bank HSBC Trinkaus M&S Money Proa SABB

Principal local banks	Argentina Australia Canada People's Republic of China Egypt France Germany Hong Kong India Malaysia Middle East Mexico Panama Poland Saudi Arabia Sri Lanka Taiwan Turkey United Kingdom United States

Minority stakes and joint ventures	Bank of Communications (19%) HSBC Saudi Arabia (60%) SABB (40%) Techcombank (15%)

Predecessor companies	Grupo Banistmo Bank of British Columbia Barclays Bank Canada Beneficial Continental Bank of Canada Crédit Commercial de France Greenwich Savings Bank Guyerzeller Household Imperial Bank of Persia Lloyds Bank Canada Marine Midland Bank Midland Bank Republic New York Samuel Montagu & Co. Williamsburgh Savings Bank

Former subsidiaries	HSBC Bank (Brazil)

Category Commons Wikiversity

This article is issued from Wikipedia - version of the 2/14/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.