Hsbc Hong Kong Legal Department

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The Hong Kong and Shanghai Banking Corporation opened its first Indonesian office in Jakarta in 1884. After being able to resume operations after World War II, it had to close again in the mid-1960s, but received a new banking license in 1968 as its operations became one of the largest foreign banks in Indonesia. [23] Previously, Mr. Hoyt was General Counsel and Chief Regulatory Officer for PNC Financial Services Group, based in Pittsburgh, where he was responsible for legal, state and regulatory affairs. HSBC opened in Thailand in 1888 and became the country`s first commercial bank. HSBC has been instrumental in building a strong foundation for Thailand`s financial and banking sector. For example, HSBC issued the first banknotes in Thailand in 1889. HSBC also granted the first foreign loan to the Thai government for its railway construction project. HSBC`s headquarters in Thailand are located in Bangkok on Rama IV Road, opposite Lumpini Park. In 2011, Phase 2 of the new Financial Sector Master Plan allowed foreign banks to open up to two branches in the Kingdom of Thailand to prepare for full retail operations. In early 2011, a second branch was opened in Thonglor (Sukhumvit 55). The Hong Kong and Shanghai Bank was founded in British Hong Kong in 1865 and incorporated in 1866 as the Hong Kong and Shanghai Banking Corporation. It was renamed «The Hongkong and Shanghai Banking Corporation Limited» in 1989.

It is a founding member of the HSBC banking and corporate group and has been the namesake and one of the principal subsidiaries of HSBC Holdings PLC, based in London, since 1990. The company`s activities range from the traditional roles of retail banking, commercial banking, corporate banking to investment banking, private banking and the world bank. In 1991, the position of Chairman of the HSBC Group was created; since then, the Chairman of the Hong Kong and Shanghai Banking Corporation has been held as an independent position, held simultaneously ex officio by the Chief Executive Officer of the Hong Kong and Shanghai Banking Corporation or by the Chief Executive Officer of the HSBC Group. [43] Known as Directors General prior to 1986; In 1991, the position of Chief Executive Officer of HSBC Group was created, with the Managing Director of Hong Kong Shanghai Banking Corporation now the Regional Director for Asia Pacific. [43] In his new role, Mr. Wolber advises companies on legal, compliance, reputational, political and other complex risks arising from various laws and regulations governing international trade, national security and financial crime. It will focus on economic and trade sanctions, export controls, foreign direct investment controls, anti-money laundering, bribery and corruption. M. Hoyt most recently worked at Barclays plc, where he served as Group General Counsel between 2013 and 2020, overseeing global collaboration with regulators and policymakers, as well as all legal matters facing the bank – including advising retail and wholesale businesses, managing an extensive portfolio of litigation and enforcement matters, and advice on several group restructurings; and Government Initiatives Related to COVID-19. HSBC has been present in Sri Lanka for 120 years. Hong Kong and Shanghai Banking Corporation Limited established its first branch in Colombo, Sri Lanka on July 1, 1892, just 27 years after its admission to Hong Kong and Shanghai. It has established itself as one of the largest and most profitable banks in the country.

She has developed leadership in corporate banking, capital markets and credit card issuance. Under the HSBC brand, the bank operates a network of around 220 branches in Hong Kong, from which it offers a wide range of financial products and services. In the late 1980s and early 1990s, the bank was known as HongkongBank in its hometown, although it now operates as HSBC. Meanwhile, it has also adopted the idiosyncratic practice of referring to its ATMs as an electronic teller card (ETC). HSBC`s presence in Taiwan dates back to 1885, when the Hong Kong and Shanghai Banking Corporation appointed a representative in Tamsui. A full-service branch was established in Taipei in 1984. The bank now has a nationwide network of 8 branches (hyperlink to service channel[clarification needed]), including Taipei, Jianguo, Banqiao, Tianmu, Taoyuan, Taichung, Tainan and Kaohsiung. In 2007, Hong Kong and Shanghai Banking Corporation acquired The Chinese Bank in Taiwan.

The acquisition brought HSBC`s national branches to 47. On 1 April 2007, the offices of the Hong Kong and Shanghai Banking Corporation in mainland China were transferred to its subsidiary HSBC Bank (China), which commenced operations on 2 April. Although the Hong Kong government on 3. In September 1926, on the instructions of the Secretary of State for the Colonies, HSBC changed the official spelling from «Hong Kong» to «Hong Kong»,[44] HSBC used the old Hong Kong, as the bank`s name was conceived before the official explanation of the modern two-word name, and it was decided to keep the spelling of a single word in the bank`s name: Hong Kong. In Singapore, The Hongkong and Shanghai Banking Corporation Limited operates as a full-service bank headquartered in Collyer Quay. It opened in December 1877. In 2016, HSBC established a locally registered bank in Singapore and transferred its retail and wealth management activities from the HSBC Singapore branch to the locally registered bank. [28] [29] Today, HSBC`s flagship is located at its original location in Collyer Quay, where the first branch was opened. Its head office is located at Mapletree Business City in Pasir Panjang, HarbourFront.

Hong Kong and Shanghai Banking Corporation Limited (Chinese: 香港上海滙豐銀行有限公司), commonly known as HSBC (Chinese: 滙豐; Cantonese Yale: Wuihfūng), was the parent company of the multinational banking group HSBC until 1991 and is now its Asia-Pacific subsidiary based in Hong Kong. HSBC, Hong Kong`s largest bank, operates branches and offices throughout the Indo-Pacific region and other countries around the world. It is also one of three commercial banks authorized by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. After the British established Hong Kong as a crown colony after the First Opium War, merchants from other parts of the British Empire now in Hong Kong felt the need for a bank to finance the growing trade between China and India, the rest of the British Empire and Europe via Hong Kong and sometimes Shanghai. goods, products and merchandise of all kinds, especially opium, grown in the Raj or transported (re-exported) through the Raj,[4][5] and to this end they organized themselves and founded the Hong Kong and Shanghai Bank in Hong Kong (March 1865) and a month later in Shanghai. HSBC operates in New Zealand as a branch of the Hong Kong and Shanghai Banking Corporation, which was first licensed by the Reserve Bank of New Zealand on 22 July 1987. [26] Today, HSBC offers a range of financial products from a network of 9 offices. [27] On 6 October 1989, it was renamed The Hong Kong and Shanghai Banking Corporation Limited by the Legislative Council by amending its original 1929 Ordinance and registered as a regulated bank with the then Hong Kong Government Banking Commissioner. [11] In 1980, the bank, now chaired by Michael Sandberg, acquired a 51% stake in Marine Midland Bank in the United States of America and continued its expansion with the creation of the Hong Kong Bank of Canada (now HSBC Bank Canada) in 1981 and the Hong Kong Bank of Australia Limited (now HSBC Bank Australia Limited) in 1986.