HSBC 2010 Annual Report Download - page 41

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Overview Operating & Financial Review Governance Financial Statements Shareholder Information
Global Banking and Markets
GB&M provides tailored financial solutions to major
government, corporate and institutional clients and
private investors worldwide. Managed as a global
business, GB&M operates a long-term relationship
management approach to build a full 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 dedicated offices in over
65 countries and access to HSBC’s worldwide
presence and capabilities, this business serves
subsidiaries and offices of our clients on a global basis.
GB&M is managed as four principal business
lines: Global Markets, Global Banking, Global Asset
Management and Principal Investments. This structure
allows us to focus on relationships and sectors that best
fit the Group’s footprint and facilitate seamless
delivery of our products and services to clients.
• 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; 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;
– international, regional and domestic payments and cash
management services; and trade services for large corporate
clients.
• Global Asset Management offers investment solutions to
institutions, financial intermediaries and individual investors
globally.
• Principal Investments includes our strategic relationships
with third-party private equity managers and other
investments.
Global Private Banking
HSBC Private Bank is the principal marketing name of
our international private banking business, Global
Private Banking (‘GPB’). Utilising the most suitable
products from the marketplace, GPB works with its
clients to offer both traditional and innovative ways to
manage and preserve wealth while optimising returns.
GPB accesses expertise in six major advisory
centres in Hong Kong, Singapore, Geneva, New York,
Paris and London to identify opportunities which meet
clients’ needs and investment strategies.
• Private Banking services comprise multi-currency deposit
accounts and fiduciary deposits, credit and specialist lending,
treasury trading services, cash management, securities custody
and clearing. GPB works to ensure that its clients have full
access to other products and services available in HSBC such
as credit cards, internet banking, corporate banking and
investment banking.
• Private Wealth Management comprises both advisory and
discretionary investment services. A wide range of investment
vehicles is covered, including bonds, equities, derivatives,
options, futures, structured products, mutual funds and
alternatives (hedge funds, private equity and real estate).
– Corporate Finance Solutions helps provide clients with
cross border solutions for their companies, working in
conjunction with GB&M.
• Private Wealth Solutions comprise inheritance planning,
trustee and other fiduciary services designed to protect wealth
and preserve it for future generations through structures
tailored to meet the individual needs of each family. Areas of
expertise include trusts, foundation and company
administration, charitable trusts and foundations, insurance,
family office advisory and philanthropy.