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HSBC Private Bank is the principal private banking business of the HSBC Group. HSBC Private Bank's holding company is HSBC Private Banking Holdings S.A.. The holding company is wholly owned by British HSBC Bank plc and its subsidiaries include HSBC Private Bank S.A., HSBC Private Bank Limited, HSBC Private Bank Limited, HSBC Private Bank S.A., HSBC Private Bank S.A. and HSBC Financial Services Limited.
HSBC Private Bank, together with the private banking business of HSBC Trinkaus & Burkhardt AG known collectively as Global Private Banking, provides services to wealthy people and their families through 96 offices in some 43 countries and territories in Europe, the Americas, the Asia-Pacific region, the Middle East and Africa. At 31 December 2008, profits before tax were US$1,447 million and combined client assets under management were US$352 billion.
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