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China joint venture for HSBC Asset Management
China joint venture for HSBC Asset Management
HSBC Asset Management, through its subsidiary HSBC Asset Management (Europe) Limited, has agreed in principle to form a joint venture fund management company in China with Shanxi Trust and Investment Corporation Limited.
Completion of the transaction is subject to final documentation and various conditions including obtaining regulatory and other approvals.
A further announcement is expected to be made shortly.
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Household President gives business update
Household President gives business update
Household International President and Chief Operating Officer Dave Schoenholz recently presented a business update to the investment community.
Speaking from the HSBC Group's headquarters in London, Schoenholz gave an overview of Household's business model, the company's drivers for future growth, as well as an update on the integration of Household's operations into the HSBC Group ...
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HSBC's private banking operations in Italy to be acquired by Banca Profilo
HSBC’s private banking operations in Italy to be acquired by Banca Profilo
HSBC and Banca Profilo SpA have signed a preliminary contract for Banca Profilo to acquire HSBC Bank plc’s private banking operations in Italy for a consideration of €10.8 million.
The agreement covers the sale by HSBC of its Italian private banking company, Società di Gestione del Risparmio, as well as its custodial services unit, private client funds and assets of the bank’s commercial lending unit in Italy.
The private banking operations to be transferred to Banca Profilo include approximately €866 million of client funds (including €582 million of assets under management) and €172 million of client lending ...
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Household acquisition: HSBC files final proxy statement/prospectus and calls EGM
Household acquisition: HSBC files final proxy statement/prospectus and calls EGM
HSBC has filed a final proxy statement/prospectus in connection with its proposed acquisition of Household International with the Securities and Exchange Commission in Washington DC.
HSBC has also published a Circular relating to the acquisition of Household, and Listing Particulars ...
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