HSBC (France)
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| HSBC S.A. | |
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| Type | Subsidiary of HSBC Holdings plc |
| Founded | 1894 |
| Headquarters | Paris, France |
| Key people | Charles-Henri Filippi, Chairman and CEO |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Employees | 14,000 |
| Website | www.hsbc.fr |
HSBC S.A. was formed on 1st November 2005 when CCF S.A. (Crédit Commercial de France) along with subsidiary companies UBP, Banque de Picardie and Banque Hervet rebranded as HSBC, with several smaller regional banking networks retaining their long standing local brands and identities.
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[edit] CCF joins the HSBC Group
CCF was operating with 650 branches and assets of €69 billion by the end of the 20th century. In April 2000, HSBC Holdings plc announced its intention to acquire the bank and the deal was completed in July. That month, HSBC Holdings plc was listed on the Paris Stock Exchange for the first time. The acquisition enabled HSBC to establish a position in one of the main European markets, and to build a strong platform in the euro zone. CCF has continued to expand with the purchase of Banque Pelletier (2000) and Banque Hervet (2001).
CCF S.A. became HSBC S.A. on 1st November 2005, rebranding its operations as HSBC along with subsidiary companies UBP, Banque de Picardie and Banque Hervet.
[edit] French banking
The former networks of CCF, Union de Banques à Paris, Banque Hervet in the Paris region, Banque de Picardie and Banque de Baecque Beau now trade as HSBC. This represents a 350 strong network of branches in France with a very strong presence in the Paris region.
Along with the HSBC branded operations, the group operates a further 420 branches spread across seven regional subsidiaries, bringing the total network to some 14,000 employees and 770 branches.
[edit] Banque Chaix
Founded in 1924 by Joseph Chaix, Banque Chaix developed in the Vaucluse and north Bouches du Rhône departments. It is also present in parts of the Gard, Drôme and Hérault departments. Chaix has 66 branches, administered in 12 groups and employs some 400 staff.
[edit] Banque Dupuy, de Parseval
Banque Dupuy, de Parseval operates in the Languedoc-Roussillon region, having been founded in Sète in 1845 to specialise in trade transactions, the bank now has a dense network of 40 branches, also operating in the Hérault.
[edit] Banque Marze
Marze has 11 branches, established in the period since 1886, serving the southern business areas of the Ardèche and the Drôme. 75 employees serve customers such as private individuals or businesses, with a focus on the regional SME category.
[edit] Banque Pelletier
[edit] Banque de Savoie
[edit] CCSO
Crédit Commercial du Sud-Ouest operate 56 outlets across the Aquitaine region.
[edit] Société Marseillaise de Crédit
[edit] Other French Operations
Other group operations in France include a significant HSBC Private Bank presence, along with a major Corporate Institutional Banking and Markets operation. The Paris trading floor is the Group's second largest trading floor in Europe. Specific areas of particular expertise and responsibility are the trading of government bonds and euro interest rate derivatives, arranging of corporate cash calls, disintermediated and structured finance and project finance.
[edit] European Operations
[edit] Algeria
HSBC France S.A. opened its first branch in Algeria in the city of Algiers in June 2007. Current speculation suggests that the network could be rapidly expanded to 55 locations. Global Banking and Markets will be operational in Algeria from May 2008, according to the Financial Times. HSBC is the 13th foreign bank to be authorized to operate in Algeria and could be directed by the former head of foreign debt at the Bank Algery Rachid Sekkak, currently responsible with HSBC-Paris. [1][2][3]
[edit] See also
[edit] External links
- HSBC France website
- Bank Chaix website
- Bank Dupuy website
- Bank Marze website
- Bank Pelletier website
- Banque de Savoie website
- CCSO website
- Société Marseillaise de Crédit website
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