World Library  
Flag as Inappropriate
Email this Article

HSBC Guyerzeller Bank

Article Id: WHEBN0020976273
Reproduction Date:

Title: HSBC Guyerzeller Bank  
Author: World Heritage Encyclopedia
Language: English
Subject: HSBC Trinkaus, HSBC Bank (Turkey), HSBC Group, Beneficial Corporation, HSBC Sri Lanka
Collection: Banks Disestablished in 2009, Banks Established in 1894, Defunct Banks of Switzerland, Hsbc Acquisitions, Private Banks
Publisher: World Heritage Encyclopedia
Publication
Date:
 

HSBC Guyerzeller Bank

HSBC Guyerzeller Bank AG
Industry Private banking
Fate Wholly owned by HSBC
Successor HSBC Private Bank
Founded 1894
Defunct 2009
Headquarters Zurich, Switzerland
Number of employees
360
Parent Midland Bank

HSBC Guyerzeller Bank AG, a member of the HSBC Group, was a Swiss private bank advising individuals and families in all matters of wealth management, investment advice and trust services. Its head office was in Zurich, and it had two branches in Geneva, as well as representative offices in Hong Kong and Istanbul. It had 360 employees and about CHF 29 billion in assets under management. It is now subsumed under HSBC Private Bank.

History

In 1894 Adolf Guyer-Zeller, an engineer and one of the pioneers of the Swiss railways, founded Bank Guyerzeller A.G. to finance the construction of the railway line to the top of the Jungfrau mountain.

In 1959 Zurmont Bank A G. (est. 1957), the Swiss subsidiary of the London Merchant Bank Samuel Montagu & Co., merged in Neue Guyerzeller Bank A G. (est. 1939 as a successor to Bank Guyerzeller) to form Guyerzeller Zurmont Bank AG. When HSBC acquired Midland Bank in 1992, Guyerzeller became a member of the HSBC Group. Midland Bank had become the majority shareholder of Guyerzeller Bank when it acquired Samuel Montagu & Co.

In 1997 Guyerzeller Bank integrated in Trinkaus & Burkhardt (Schweiz) AG, which had been a subsidiary of HSBC Trinkaus. The next year, HSBC Group increased its participation in Guyerzeller to 96% and then the year after that Guyerzeller became "HSBC Guyerzeller Bank AG".

In 2002 HSBC integrated CCF (Suisse) SA and CCF-Handelsfinanz Bank into HSBC Guyerzeller after HSBC acquired Crédit Commercial de France (CCF). Two years later, HSBC became sole owner of the bank.

In 2009, HSBC Guyerzeller merged with HSBC Private Bank (Suisse) into one legal entity, under the newly appointed CEO of HSBC Private Bank Suisse (S.A.), Alexandre Zeller, who had joined the bank from the Banque cantonale vaudoise. HSBC Private Bank, formerly known as HSBC Republic, was established in 1988 as Republic National Bank of New York (Suisse), but traces its ancestry back to 1966. It became part of the HSBC group when HSBC acquired Republic Bank of New York in 1999. HSBC Private Bank (Suisse) had its headquarters in Geneva, Switzerland. HSBC Private Bank (Suisse) operates as a subsidiary of HSBC Private Banking Holdings (Suisse) SA.

See also

External links

  • HSBC Guyerzeller Bank


This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.