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HSBC Bank Bermuda

From Wikipedia, the free encyclopedia
This article is about the bank in Bermuda. For the global HSBC Group, see HSBC. For other individual entities of the group, see HSBC Bank.

HSBC Bank Bermuda Limited
Company type
Subsidiary
IndustryFinance and Insurance
Founded1889; 137 years ago (1889)
HeadquartersHamilton, Bermuda
Key people
L. Anthony Joaquin (chairman)
Steve Banner (CEO)
ProductsFinancial services
US$262m (2016)
US$117m (2016)
Number of employees
320
ParentHSBC Holdings plc
Websitewww.hsbc.bm
The original logo of The Bank of Bermuda before it joined the HSBC Group

HSBC Bank Bermuda Limited, previously the Bank of Bermuda Limited, is a financial services company in Bermuda providing retail and corporate banking, investment, custody and fund administration services to international and local clients. In 2004 the HSBC Group acquired the Bank of Bermuda,[1] which has since become a focus for certain fund management and private banking activities. The bank sold much of its Cayman operations in 2014, and disposed its private banking operations at the end of April 2016. The three remaining divisions are retail banking wealth management (including HSBC Asset Management and Premier banking), commercial banking and global banking and markets. These three businesses represent over 90% of total revenues.

History

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Foundation

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In 1889, Bermudian merchants founded the Bank of Bermuda, a second bank to compete with