HSBC (France)

Infobox_Company
company_name = HSBC S.A.
company_
company_type = Subsidiary of HSBC Holdings plc
company_slogan = Votre banque, partout dans le monde
foundation = 1894
location = Paris, France
key_people = Charles-Henri Filippi, Chairman Peter Boyles, CEO
num_employees = 11,700
industry = Finance and Insurance
products = Financial Services
homepage = [http://www.hsbc.fr/ www.hsbc.fr]
revenue =

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.

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 1 November 2005, rebranding its operations as HSBC along with subsidiary companies UBP, Banque de Picardie and Banque Hervet.

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 380 strong network of branches in France with a very strong presence in the Paris region.

HSBC also had seven regional subsidiaries with 420 branches in France, but these regional subsidiaries had been sold to Banque Populaire in 2008. These subsidiaries including Société Marseillaise de Crédit, Banque de Savoie, Banque Chaix, Banque Marze, Banque Dupuy, de Parseval, Banque Pelletier and Crédit Commercial du Sud Ouest.

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.

European Operations

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. [http://www.lesafriques.com/algerie/hsbc-serait-operationnelle-en-mai.html?Itemid=38?articleid=3340] [http://www.algerie-dz.com/article9871.html] [http://www.lexpressiondz.com/article/2/2008-02-03/49506.html]

ee also

*HSBC Holdings plc
*HSBC Bank plc

External links

* [http://www.hsbc.fr HSBC France website]
* [http://www.banque-chaix.fr Bank Chaix website]
* [http://www.bdp.fr Bank Dupuy website]
* [http://www.banque-marze.fr Bank Marze website]
* [http://www.banque-pelletier.fr Bank Pelletier website]
* [http://www.banque-de-savoie.com Banque de Savoie website]
* [http://www.ccso.fr CCSO website]
* [http://www.smc.fr Société Marseillaise de Crédit website]