HSBC 2006 Annual Report Download - page 110

HSBC HOLDINGS PLC
Report of the Directors: Business Review (continued)
Products and services / Property / Legal proceedings
108
investments provided to Commercial Banking
customers and their employees through HSBC’s
worldwide network, with clients being referred to
Private Banking where appropriate.
Investment banking: A small number of
Commercial Banking customers need corporate
finance and advisory support. These requirements
are serviced by the Group on a client-specific basis.
Delivery channels: HSBC deploys a full range
of delivery channels, including specific online and
direct banking offerings such as HSBCnet and
Business Internet Banking.
Corporate, Investment Banking and Markets
HSBC’s Corporate, Investment Banking and
Markets business provides tailored financial
solutions to major government, corporate and
institutional clients worldwide. Managed as a global
business, this customer group operates a long-term
relationship management approach to build a full
understanding of clients’ financial requirements.
Sectoral client service teams comprising relationship
managers and product specialists develop financial
solutions to meet individual client needs. With
dedicated offices in over 60 countries and access to
HSBC’s worldwide presence and capabilities, this
business serves subsidiaries and offices of its clients
on a global basis.
Corporate, Investment Banking and Markets is
managed as three principal business lines: Global
Markets, Global Banking and Group Investment
Businesses. This structure allows HSBC to focus on
relationships and sectors that best fit the Group’s
footprint and facilitates seamless delivery of HSBC’s
products and services to clients.
Products and services offered include:
Global Markets
HSBC’s operations in Global Markets consist of
treasury and capital markets services for
supranationals, central banks, corporations,
institutional and private investors, financial
institutions and other market participants. Products
include:
• foreign exchange;
• currency, interest rate, bond, credit, equity and
other specialised derivatives;
• government and non-government fixed income
and money market instruments;
• precious metals and exchange traded futures;
• equity services, including research, sales and
trading for institutional, corporate and private
clients and asset management services;
• distribution of capital markets instruments,
including debt, equity and structured products,
utilising links with HSBC’s global networks;
and
• securities services, where HSBC is one of the
world’s leading custodians providing custody
and clearing services and funds administration
to both domestic and cross-border investors.
Global Banking
HSBC’s operations in Global Banking consist of
financing, advisory and transaction services for
corporations, institutional and private investors,
financial institutions, and governments and their
agencies. Products include:
• investment banking, which comprises capital
raising, including debt and equity capital, and
corporate finance and advisory services;
• lending, comprising bilateral and syndicated
lending, leveraged and acquisition finance,
structured and project finance; lease finance;
and non-retail deposit-taking;
• international, regional and domestic payments
and cash management services; and
• other transaction services, including trade
services, factoring and banknotes.
Group Investment Businesses
These comprise asset management products and
services for institutional investors, intermediaries
and individual investors and their advisers.
Other
Other products include private equity, which
comprises HSBC’s captive private equity funds,
strategic relationships with third party private equity
managers and other investments.
Private Banking
HSBC’s presence in all the major wealth-creating
regions has enabled it to build one of the world’s
leading private banking groups, providing financial
services to high net worth individuals and their
families from 90 locations in 35 countries and
territories, with client assets of US$333 billion at
31 December 2006.
HSBC Private Bank is the principal marketing
name of the HSBC Group’s international private
banking business which, together with HSBC