Businessweek

rms designed to address the current and future needs of its clients. Insurance and Investments: The company offers business and financial protection, trade insurance, employee benefits, corporate wealth management, and various other commercial risk insurance products in selected countries. GB&M: The company’s CMB franchise represents a primary 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. GB&M GB&M provides tailored financial solutions to major government, corporate and institutional clients and private investors worldwide. GB&M operates a long-term relationship management approach to build an understanding of clients’ financial requirements. Sector-focused client service teams comprising relationship managers and product specialists develop financial solutions to meet individual client needs. With a presence in approximately 60 countries/territories and access to the company’s worldwide presence and capabilities, this business serves subsidiaries and offices of its clients on a global basis. GB&M is managed as two principal business lines, Global Markets and Global Banking. Global Markets operations consist of treasury and capital markets services. Products include foreign exchange; currency, interest rate, bond, credit, equity, and other derivatives; government and non-government fixed income and money market instruments; precious metals and exchange-traded futures; equity services; the distribution of capital markets instruments; and securities services, including custody and clearing services, and funds administration to both domestic and cross-border investors. Global Banking offers financing, advisory, and transaction services. Products include capital raising, advisory services, bilateral and syndicated lending, leveraged and acquisition finance, structured and project finance, lease finance and non-retail deposit taking; and international, regional, and domestic payments and cash management services; and trade services for corporate clients. GPB GPB provides a range of services to high net worth individuals and families with complex and international needs. 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 range of investment vehicles, portfolio management, security services, and alternatives. Private Trust Solutions comprise trusts and estate planning, designed to protect wealth and preserve it for future generations through structures tailored to meet the individual needs of each client. Strategic Directions The company’s strategic direction is aligned to two long-term trends, such as international trade and capital flows, and economic development and wealth creation. Based on these long-term trends, its strategy has two parts, including network of businesses connecting the world, and wealth management and retail with local scale. History HSBC Holdings plc was founded in 1865.