Company Overview of HSBC Private Bank (Suisse) SA
HSBC Private Bank (Suisse) SA provides banking, investments, and wealth management services to high net worth individuals and their families. It offers advisory and investment services; various investment vehicles, including sovereign and corporate bonds, equities, derivatives, structured products, cash and foreign exchange products, and hedge funds; various trust and fiduciary, wealth advisory, insurance, and family office services; and specialist advisory services in the areas of philanthropy and foundations, global media and entertainment, art and design, diamonds and jewelry, and residential investments. The company also provides various finance and banking services comprising deposit pr...
Quai du Général Guisan 2
PO Box 3580
Founded in 2001
Key Executives for HSBC Private Bank (Suisse) SA
Group Chief Executive of HSBC Holdings plc and Chairman of HSBC Bank plc
Member of General Management and Chief Executive Officer of Dubai Office
Compensation as of Fiscal Year 2013.
HSBC Private Bank (Suisse) SA Key Developments
HSBC Private Bank (Suisse) Announces Executive Appointments
Aug 23 13
HSBC Private Bank (Suisse) hired Oliver Maas from Credit Suisse and Julien Froidevaux from UBS to become managing directors of its multifamily office business. Oliver Maas at the beginning of August became a managing director serving as market head of multifamily office business development. Julien Froidevaux, who joined in July in a similar role, will be responsible for the French-speaking market in Switzerland.
Mainland Couple Sues HSBC Private Bank (Suisse) SA over $5 Million Loss
May 24 12
A mainland businessman and his wife are suing HSBC's unit HSBC Private Bank (Suisse) SA after losing more than $5 million on high-risk investment products. In a writ filed with the High Court, Qi Weibao and his wife, Cheng Yicong, from Tianjin, claim false representation by bank employees led them to buy accumulators and equity-linked notes, losses on which causedtheir investment todwindle from an initial $5.15 million to just $59,218 as markets fell in 2008. An accumulator is a high-risk vehicle in which investors buy a security, currency or commodity at regular intervals at a fixed price below the prevailing market value for the term of the contract. They make money if the market remains stable or rises, but losses can be huge if it falls. Equity-linked notes are linked to the performance of stocks. The couple say in the writ that they visited the Hong Kong office of HSBC Private Bank (Suisse)in March 2007, where they told staff they were inexperienced investors with little knowledge of shares, securities or derivatives. The couple, who have an autistic son, wanted a prudent investment plan with moderate risk. They later opened an account and deposited $3 million. In a letter, the bank characterized the couple's investment profile as balanced with a medium tolerance for risk.
HSBC Private Bank (Suisse) SA Presents at 2012 Precious Metals Summit Geneva, Apr-11-2012
Mar 13 12
HSBC Private Bank (Suisse) SA Presents at 2012 Precious Metals Summit Geneva, Apr-11-2012 . Venue: Hotel President Wilson, Geneva, Switzerland.
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