HSBC Private Bank (Suisse)
| HSBC Private Bank (Suisse) SA | |
|---|---|
|
|
| Country |
 Switzerland
|
| Seat | Geneva |
| legal form | Corporation |
| IID | 8689 |
| BIC | BLICCHGGXXX |
| founding | 1988 |
| Website | www.hsbcprivatebank.com/offices/switzerland.html |
| Business data | |
| Total assets | 11.817 billion CHF (2018) |
| Employee | 2,469 (December 31, 2018) |
| management | |
| Corporate management |
Alexander Classen |
The HSBC Private Bank (Suisse) SA is one on the asset management specialist Swiss bank based in Geneva . It is a subsidiary of the British HSBC and was created in 2001 through the reorganization of HSBC's Swiss private banking activities. HSBC is suspected of having been successful in money laundering for years. This was the result of investigations by the Swiss Financial Market Supervisory Authority (Finma).
founding
At the end of 1999 Edmond Safras sold his companies to HSBC . The customer base of his Republic National Bank of New York was transferred to the newly founded private bank HSBC Republic . This has been operating as HSBC Private Bank since 2004 .
Key data
HSBC Private Bank (Suisse) SA is mainly active in asset management for private and institutional investors as well as in the lending business. At the end of 2018, total assets were CHF 11.817 billion and assets under management were CHF 52.739 billion. The company employs 2,469 people and posted a net loss of 77 million francs in 2018. In addition to its headquarters in Geneva, the bank is represented in Zurich, Lugano, Guernsey, Hong Kong, Singapore, Nassau (Bahamas) and, since 2010, also in Gstaad.
On March 31, 2009, HSBC Guyerzeller Bank , which was also part of the HSBC Group but was previously independently managed, was integrated into HSBC Private Bank (Suisse).
criticism
The French judiciary accuses HSBC Private Bank of systematic tax fraud in favor of around 3,000 French customers. As a result, the French state lost more than four billion euros in tax revenue, said Christian Eckert, head of the finance committee of the French National Assembly . The bank is accused of having used a worldwide network of bogus companies to hide the assets and investment income of French and Belgian clients and to have carried out money laundering .
The affair started when in 2009 clerk Hervé Falciani handed over a list of names of French clients to the French judiciary. In 2013, on the basis of this data, the French judiciary opened a case against the bank for “tax fraud, money laundering in the form of an organized gang and unfair banking transactions”. In 2013 Christian Eckert confirmed the authenticity of Hervé Falciani's list.
Web links
Individual evidence
- ↑ a b Entry in the bank master of Swiss Interbank Clearing
- ↑ Christoph Giesen, Charlotte Theile : A case for the public prosecutor. House search at the Swiss HSBC: Investigators in Geneva are now taking action against the bank, which is under criticism due to global revelations. The authorities are investigating the suspicion of money laundering . In: Süddeutsche Zeitung of February 19, 2015, p. 15.
- ↑ Ermes Gallarotti: Purification process of the HSBC Private Bank (Suisse) . In: Neue Zürcher Zeitung of February 10, 2015, international edition, p. 24.
- ↑ Billionaire Safra key to HSBC Swiss bank origins . On February 9, 2015 on thelocal.ch
- ^ Company history . Retrieved June 15, 2016 from hsbcprivatebank.com
- ↑ Annual report 2018 HSBC Private Bank (Suisse) SA, accessed on July 27, 2019
- ^ A b Gérard Davet, Fabrice Lhomme: Fraude fiscale: HSBC dans le viseur des juges. Le Monde , June 11, 2014, p. 6
- ↑ «fraude fiscale, blanchiment en bande organisée et démarchage bancaire illicite» - quotation from Le Monde
Coordinates: 46 ° 12 '16.3 " N , 6 ° 8' 49" E ; CH1903: 500305 / 117830