Since joining the HSBC Group in July 2000, HSBC France has become a leading bank in France and a global banking group. It offers a wide range of services including retail banking, corporate & investment banking, markets, asset management, insurance and private banking. Integration with the HSBC Group has substantially strengthened HSBC France's international capability.
HSBC France has a nationwide network of 774 branches, including branches of 11 regional banks which are part of HSBC France. The bank has a mainly affluent personal customer base, and prides itself on the quality of its advice and service. HSBC France continues to expand its retail banking business and international business services. Multi-channel banking remains a key strategic priority.
CORPORATE, INVESTMENT BANKING AND MARKETS
HSBC France is the HSBC Group’s main platform for corporate and investment banking activities in the euro zone. It has become the Group's centre of expertise in some businesses, such as equity derivatives. Through synergies with the HSBC Group, HSBC France now offers a full range of services in corporate finance, treasury, capital markets, new issues and origination, and securities.
ASSET MANAGEMENT AND INSURANCE
HSBC France develops its asset management business through three subsidiaries: HSBC Asset Management Europe SA, portfolio management and investment advisory services subsidiary of the HSBC Group in the eurozone, Sinopia, the HSBC's global centre of expertise in guaranteed and structured products, while HSBC Multimanager (Europe) spearheads the Group's multimanager fund business in continental Europe.
The two insurance subsidiaries, Erisa and Erisa Iard, offer an extensive range of products and services in life insurance, investment products and non-life insurance.
HSBC France has combined its four private banking subsidiaries to create HSBC Private Bank France, a leading player in the French market with €16.3 million in funds under management at the end of 2003. HSBC Private Bank France offers high net worth individuals a comprehensive rang of services to meet all financial planning, advisory, and banking needs.