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HSBC Group is building a new Trust Company in Switzerland
Zurich/Geneva (ots) - HSBC Guyerzeller Bank AG and HSBC Private Bank (Suisse) SA will join their capabilities in the "Trust" and "Fiduciary Services" domains into a new specialised entity named HSBC Guyerzeller Trust Company AG. It is HSBC Group's clear intention to become one of the foremost providers in this field in Switzerland. HSBC Guyerzeller Bank's Konrad K. Häuptli has been appointed CEO of the new Trust Company.
HSBC Guyerzeller Trust Company AG will work in partnership with HSBC Private Bank (Suisse)SA and HSBC Guyerzeller Bank AG as well as with other trust companies in the HSBC Group. Both HSBC Private Bank and HSBC Guyerzeller Bank have an excellent reputation in the Swiss banking community. The new Trust company aims at becoming the preferred provider of trust and fiduciary services, in Switzerland and in the global arena.
The Hague Convention strengthens the Swiss market: For wealthy international families, trusts have proved to be an ideal legal structure. Trusts preserve wealth for future generations. In 2006, the Swiss government will ratify the "Convention on the law applicable to trusts and on their recognition" (Hague Convention). Thus, the reputation and position of Switzerland's trust services will be strengthened.
HSBC Private Bank
HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group worldwide. HSBC Private Bank, together with HSBC Guyerzeller Bank and the private banking and trustee activities of HSBC Trinkaus & Burkhardt, provides private banking and trustee services to high net worth individuals and their families through 74 locations in the Americas, the Asia-Pacific region, Europe and the Middle East. Combined client assets under management were USD 348 billion at 31 December 2005.
Weitere Informationen finden Sie unter www.hsbcprivatebank.com.
HSBC Guyerzeller Bank
HSBC Guyerzeller Bank is a Swiss private bank that offers wealth management services to high net worth clients and their families. Founded in 1894, it employs 382 staff in offices in Zurich, Geneva, Istanbul and Hong Kong. On behalf of its clients, it manages almost CHF 25 billion in assets.
Weitere Informationen finden Sie unter www.hsbc.guyerzeller.com.
The HSBC Group
The HSBC Group has around 9,500 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa and serves over 125 million customers. The HSBC Group had total assets of USD 1,502 billion at 31 December 2005.
ots Originaltext: HSBC Guyerzeller Bank AG
HSBC Guyerzeller Trust Company AG
Konrad K. Häuptli
HSBC Guyerzeller Bank AG
Nicolas de Buman
Head of Marketing & Communication
HSBC Private Bank (Suisse) SA