HSBC France
Bank Information
| Bank Name |
HSBC France |
| Bank Short Name |
HSBC |
| Bank Type |
Member Bank |
| Operating Country |
France |
| Number of Domestic Branches |
380 |
| Number of non-domestic Branches |
present in 85 countries/territories worldwide |
| Euro |
TARGET, EBA (EURO1, STEP 2), SIT (STET)* |
Registered Address
103, Avenue des Champs-Elysees
Paris
75008
Description
HSBC France, formerly CCF created in 1894, became a subsidiary of the HSBC Group in 2000 and changed its name to HSBC France in November 2005.
HSBC France combines local roots with the performance of a global network, offering a high quality service.
HSBC France employs around 11,700 of the 330,000 staff in the HSBC Group
The HSBC Group serves over 100 million customers worldwide through almost 9,500 offices in 85 countries and territories. With Group assets of US$ 2,547 billion at 30 June 2008, HSBC is one of the world’s largest banking and financial services organisations.
Contact Information
www.hsbc.fr
Profile
HSBC activities in France
HSBC France is active in retail, investment, capital markets, and private banking, as well as asset management, insurance and employee savings and consolidates its local strengths and knowledge with its worldwide network. Notably by combining the brand’s branches in France with its global presence to bring together a local and worldwide customer base allowing simplified banking at every level. The commitment to the French customer base is reflected in the opening of dedicated French departments both in the UK and China.
Global Banking & Markets
The Global Banking and Markets division also benefits from the local and global operations of the HSBC Group, enabling it to become one of the premier divisions of its kind both in Europe and across the World, ranking top 10 globally in terms of its M&A activity and also as one of the top 5 primary bond dealers. These levels of resources allow a diversity of products and optimisation of support for global CIB and Capital Markets, which is second to none. At the centre of this division is the Paris trading floor, which is not only the second biggest in Europe, but also one of the leading arrangers of corporate cash calls.
HSBC Global Asset Management
As with the other divisions, HSBC Global Asset Management also benefits from the same global scope, paving the way for a huge range of possible management solutions.
HSBC Global Asset Management promotes its specialist ranges:
- Halbis, specialising in fundamental active fund management and providing long-term, best-in-class performances in its different areas of expertise;
- Liquidity, a money market specialist offering a broad range of funds meeting various investment horizon,regulatory and currency constraints;
- Multimanager, a specialist in multimanager investment that selects the best of the multimanager funds, regardless of asset class, geographical area or investment style;
- Sinopia, specialising in quantitative asset management, whose rigorous management style, research capacity and ability to offer robust and innovative investment solutions are highly thought after by the market.
In France, HSBC Global Asset Management also develops and distributes employee savings solutions for companies.
These solutions draw on the financial expertise of HSBC Global Asset Management and on HSBC Epargne Entreprise for registrar and custody services.
Insurance
HSBC Assurances Vie and HSBC Assurances IARD are the insurance arms of HSBC France which cover all aspects of insurance: life, investment and general. Their specially developed insurance products break down into:
- creation, diversification and optimisation of wealth;
- achievement of specific aims such as retirement or children's education;
- immediate or deferred transfer of all or part of a customer's wealth.
Life insurance has been strengthened with the growth in outstandings and the quality of both the service and the technical skills available have been boosted through synergies with HSBC France’s retail banking network, Investment Banking and Asset Management.
Private Banking
HSBC Private Bank France is one of France's leading specialists in wealth management, and benefiting from the strengths of a major international bank.
The two main client groups are:
- Residential and international private clients
- Corporate and institutional clients
They benefit from the personalised solutions for wealth management including creation of wealth management structures, stocks-option management, traditional and alternative fund management, and multimanagement via Louvre Gestion (fund manager and subsidiary of HSBC Private Bank France) These products are increasingly available in the provinces with the opening of offices in Lyon, Marseille and Bordeaux.
Market Position
HSBC France is a major French retail bank offering a quality international service.
- 85% of our clients would recommend HSBC to others (RI Study – November 2006)
- HSBC has received the “Best Cash Management bank in Western Europe” Award for Excellence from Euromoney in 2007.
Rating
HSBC France financial performance is reflected in the ratings granted by three agencies:
Fitch (October 2008) Short term F1+
Long term AA
Moody’s (July 2008) Short term P-1
Long term Aa2
Standard & Poor’s (December 2007) Short term A- 1+
Long term AA
Membership of Clearings
HSBC is one of the leading Payments and Cash Management houses in the world for large corporate clients and financial institutions. HSBC France directly participates in all French and Pan European payment systems and is a major platform for the HSBC Group for EUR payments.
* SIT is to be replaced by STET, a new system for retail payments. The implementation of STET should facilitate the renovation of the technical infrastructure for the clearing of retail payments, but also respond to the European banking community objective for a unified payments market within the SEPA frame.
Euro
TARGET, EBA (EURO1, STEP 2), SIT (STET)*