October 24, 2014 9:32 AM ET

Banks

Company Overview of HSBC Bank Plc

Company Overview

HSBC Bank plc provides various banking and financial services worldwide. It offers deposits and account services; secured and unsecured credit and lending products; and financial advisory, broking, life insurance, and asset management services. The company also provides overdrafts, corporate cards, term loans and syndicated, leveraged acquisition, project finance, and asset finance; letters of credit; collections; guarantees; receivables finance; supply chain solutions; commodity and structured finance; and risk distribution, as well as domestic and cross-border payments, collections, liquidity management, and account services. In addition, it offers business and financial protection, trade ...

8 Canada Square

London,  E14 5HQ

United Kingdom

Founded in 1880

68,180 Employees

Phone:

44 20 7991 8888

Key Executives for HSBC Bank Plc

Chief Executive Officer and Director
Age: 56
Chief Financial Officer
Chief Operating Officer
Age: 48
General Manager of Direct Businesses
Age: 55
Group Chief Executive Officer of HSBC Holdings Plc
Age: 55
Compensation as of Fiscal Year 2014.

HSBC Bank Plc Key Developments

JABCAP EMEA Master Fund Limited Appoints HSBC Bank Plc as Additional Prime Broker and Custodian

The directors announced that JABCAP EMEA Master Fund Limited (the Master Fund) has appointed HSBC Bank plc as an additional prime broker and custodian to the Master Fund under the terms of the Prime Services Terms between HSBC and the Master Fund dated as of 18 November 2013. The allocation of assets of the Master Fund between HSBC and the other prime brokers and custodians of the Master Fund will be determined by the nature and type of transaction and at the discretion of Jabre Capital Partners S.A. HSBC provides prime brokerage services to the Master Fund under the terms of the HSBC Agreement. These services may include the provision of margin financing, clearing, settlement, securities lending and foreign exchange facilities. The Master Fund may also use HSBC, other members of the HSBC group and other brokers and dealers for the purposes of executing transactions. HSBC also provides a custody service for the Master Fund's investments (including certificates or documents evidencing title to investments) held on the books of HSBC as part of its prime brokerage function in accordance with the terms of the HSBC Agreement and the rules of the FCA.

HSBC Bank plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

HSBC Bank plc reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company’s net interest income was £3,241 million against £3,437 million a year ago. Total operating income was £7,319 million against £8,377 million a year ago. Net operating income was £5,950 million against £6,375 million a year ago. Operating profit was £1,901 million against £2,272 million a year ago. Profit before tax was £1,902 million against £2,273 million a year ago. Profit for the period was £1,519 million against £1,706 million a year ago. Profit attributable to shareholders of the parent company was £1,499 million against £1,681 million a year ago. Net cash used in from operating activities was £32,650 million against net cash generated from operating activities of £21,997 million a year ago. Purchase of property, plant and equipment was £138 million against £162 million a year ago. Purchase of goodwill and intangible assets was £93 million against £92 million a year ago.

Polar Capital Technology Trust plc Appoints Polar Capital LLP and HSBC Bank plc as Alternative Investment Fund Manager and its Depositary Respectively

The board of Polar Capital Technology Trust plc announced that the company has entered into the arrangements necessary to ensure compliance with the AIFMD. The board has approved the appointment of Polar Capital LLP as the company's alternative investment fund manager (the ‘AIFM’). The company's existing investment management agreement has not been amended other than to reflect the regulatory requirements to enable the company to comply with the AIFMD. The board has appointed HSBC Bank plc, the current custodian, to act as the company's depositary (as required by the AIFMD) on the terms of and subject to the conditions of a depositary agreement between the company, the AIFM and HSBC Bank plc.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 13, 2014
HSBC Bank Plc, Former Bank At 40 Fishergate In Preston
Merger/Acquisition
February 26, 2014
SB HSBC Bank Kazakhstan JSC
 

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