HSBC 2001 Annual Report Download - page 25

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corporate and government bodies, precious metals,
exchange-traded futures and options broking and
bank notes.
Global Investment Banking Division. This business
provides advisory services in connection with
mergers and acquisitions, asset disposal, equity
capital, stock exchange listings, privatisation and
capital restructuring. In addition to a wide variety of
equity research, sales and trading services available
to institutional, corporate and retail clients, HSBC’s
investment banking business offers an integrated
service in equity derivative, convertible and portfolio
trading.
Merchant Banking. HSBC’s Merchant Banking
business encompasses project and export finance,
aviation and structured finance, syndicated finance,
Amanah Finance and HSBC Equator. Project and
Export Finance offers non-recourse financing to
exporters, importers, and financial institutions,
working closely with all major export credit
agencies. Aviation and structured finance provides
advice and financing for complex and tax efficient
investment facilities, utilising our global operations
to facilitate cross-border transactions. Syndicated
Finance has been integrated into HSBC’s debt
financing and advisory platform, which draws
together structured finance, syndicated finance, debt
capital and advisory services while building up on
existing links with other areas of investment banking
and markets including equity securities, fixed income
and project and export finance. Amanah Finance
develops and structures products that are consistent
with Islamic laws for its private client, institutional
and corporate customers. HSBC Equator provides
merchant, investment banking, and commercial
trading services throughout sub-Saharan Africa.
Private Equity. HSBC offers institutional investors
in Europe, Asia and the Americas the opportunity to
invest in unquoted equities. The opportunity to invest
in unlisted companies arises in situations such as
management buy-outs, management buy-ins,
acquisitions as principal, corporate restructurings,
acquisition finance and development capital.
Asset Management. HSBC provides global
investment advisory and fund management services
through its principal fund management operations in
Europe, North America, Latin America, Australia and
Asia. HSBC provides large institutional clients with
a tailored approach to managing their assets, with
active segregated and pooled portfolio management
on a global, regional, asset class or country-specific
basis. HSBC also structures retail products to match
customer investment preferences at terms and pricing
which are transparent and competitive. HSBC offers
smaller institutions and private investors a wide
range of mutual funds and other pooled investment
vehicles, including unit trusts, mutual funds, offshore
umbrella funds and Individual Savings Accounts
(‘ISAs’ ).
Insurance Services. A relatively narrow range of
specialist insurance services is provided to clients of
the Investment Bank, particularly to Private Equity
clients and purchasers, acquiring businesses through
mergers and acquisitions.
These services are generally limited to those
provided by HSBC Insurance Brokers Limited
mostly in the United Kingdom and might include
warranty insurance, prospectus liability and property
programmes.
Private Banking
With 4,900 employees working in 50 locations.
Private Banking provides world class financial
services to high net worth individuals and their
families, through four distinct businesses:
• HSBC Republic, HSBC’ s principal international
private banking division;
• HSBC Guyerzeller, a traditional Swiss private
bank focusing on discretionary management and
trustee services;
• CCF Private Banking, with its strong presence
in the euro zone; and
• HSBC Trinkaus & Burkhardt, providing
banking and fund services in Germany,
Luxembourg and Hong Kong.
Client services include deposits and funds
transfer; tax and trustee structures; asset and trust
management; mutual funds; currency and securities
transactions; lending; letters of credit; guarantees and
other extensions of credit on a collateralised basis.
The high net worth client requires a highly
differentiated service, provided through a
combination of geographical presence and
specialised bankers. Working in collaboration with
other members of HSBC, the private bank is able to
provide its clients with not just private banking, trust,
and wealth management services, but a