HSBC in Luxembourg

We have been in Luxembourg since 1977. HSBC offers a wide range of banking and financial services including Private Banking, Corporate Banking, Securities Services and Asset Management.

It employs several hundred people from 30 different countries who between them speak more than 25 languages.

Private Banking – HSBC Private Bank (Luxembourg) S.A.

Private Banking activities in Luxembourg were established in 1977. HSBC Private Bank (Luxembourg) S.A. provides private banking and asset management services to wealthy individuals and their families.

Investment management

The bank offers advisory or discretionary investment management, together with a variety of funds to meet client needs. It also offers custodian/nominee services, as well as the sale and purchase of bonds, equities, funds and structured products.

Estate and inheritance planning

Specialist wealth managers provide services including establishing, structuring and administering trusts, foundations and private investment companies.

Treasury and foreign exchange

HSBC offers access to the latest market information, deal execution plus advice and guidance from our specialist treasury managers.

Corporate Banking – HSBC Bank plc, Luxembourg branch

HSBC started offering corporate banking services in Luxembourg in 2013. They include global liquidity and cash management for global and regional corporate clients, a dedicated relationship manager and access to account information and detailed reporting through HSBCnet, the bank’s online banking platform for business and corporate customers. HSBCnet also offers a range of comprehensive cash management and global markets solutions.

Securities Services – HSBC Bank plc, Luxembourg branch

We have been offering securities services in Luxembourg since 1988. Services include proven structures for global distribution, expertise in supporting traditional and alternative funds (including those from emerging markets), and serving both onshore and offshore funds. Our services include global custody, fund administration, investor services, fund set up and implementation, cash management and corporate secretarial services.

HSBC Global Asset Management – HSBC Investment Funds (Luxembourg) S.A.

HSBC Investment Funds (Luxembourg) S.A. has been operating since 1988. It acts as a management company for the Luxembourg domiciled investment funds of HSBC Global Asset Management. Distribution and asset management for these funds is delegated to HSBC Global Asset Management entities around the world that have specialist expertise.

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SOS Children's Villages

HSBC has been supporting Luxembourg charity SOS Villages d’Enfants Monde (part of the worldwide charity SOS Children’s Villages) since 2007. SOS Children's Villages helps to improve the lives and opportunities of vulnerable children by working with communities, organisations and authorities. HSBC employees in Luxembourg raise funds for care, education, health and emergency projects through various actions over the year including dress down days, facepainting, and many others.

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HSBC Group history timeline


Hong Kong harbour, Chinese artist, early 1860s

Staff in Fuzhou, China, 1887

Portrait of Thomas Jackson, around 1890

Chinese railway bond certificate, 1907

Staff in military uniform, First World War

Hong Kong building, 1965

Prison camp diary of HSBC staff member Max Haymes, 1943

Hong Kong garment factory, around 1950

Persian banknote, early 20th century

UK cash machine, around 1970

HSBC office, New York, 1999

HSBC lion, London, present day

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The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later. It was the first locally owned bank to operate according to Scottish banking principles.

By 1875 HSBC was present in seven countries across Asia, Europe and North America. It financed the export of tea and silk from China, cotton and jute from India, sugar from the Philippines and rice and silk from Vietnam.

By 1900, after strong growth under Chief Manager Thomas Jackson, the bank had expanded into 16 countries and was financing trade across the world. Bullion, exchange and merchant banking were important features of the bank’s business.

In the early 20th century, HSBC widened the scope of its activities in Asia. It issued loans to national governments to finance modernisation and infrastructure projects such as railway building.

The First World War brought disruption and dislocation to many businesses. By the 1920s, however, Asia was beginning to prosper again as new industries developed and trade in commodities such as rubber and tin soared.

The 1930s brought recession and turmoil to many markets. Nonetheless, HSBC asked architects Palmer and Turner to design a new head office in Hong Kong: “Please build us the best bank in the world.” The cutting-edge art deco building opened in 1935.

The bank faced one of its most challenging times during the Second World War. Staff in Asia showed huge courage in the face of adversity. Many became prisoners of war. Only the London, Indian and US branches remained in full operation.

At the end of the war, HSBC took on a key role in the reconstruction of the Hong Kong economy. Its support helped established manufacturers as well as newcomers to Hong Kong grow their business.

By the 1970s the bank had expanded through acquisition. HSBC bought Mercantile Bank and The British Bank of the Middle East in 1959. In 1972 it formed a merchant banking arm, extending its range of services.

In the 1980s HSBC bought Marine Midland Bank in the US. In 1992, the newly created HSBC Holdings plc made a recommended offer for full ownership of the UK’s Midland Bank. Following the acquisition, HSBC moved its headquarters to London.

In 1998, the bank announced it would adopt a unified brand, using HSBC and the hexagon symbol everywhere it operated.

As new markets blossom and flourish, HSBC continues to be where the growth is, connecting customers to opportunities. The bank enables businesses to thrive and economies to prosper, helping people fulfil their hopes and dreams and realise their ambitions.

The world trades down

17 January 2019

Global growth is set to ease to 2.6 per cent in 2019, according to HSBC’s chief economist.

HSBC voted top for trade finance

9 January 2019

HSBC is the market leader in global trade finance, according to a poll of 7,000 businesses.

China’s Belt and Road evolves

28 December 2018

International businesses are set to benefit as China boosts links with its trading partners.