About HSBC Africa
The HSBC Group established a presence in sub-Saharan Africa in 1981, and entered the South African market in 1995. Due to increased trading demand, it expanded its regional operations by opening a corporate and institutional bank in Johannesburg in 2003. Initially a branch of HSBC Bank plc (incorporated in the United Kingdom), in 2007, the Johannesburg office became a branch of The Hongkong and Shanghai Banking Corporation Limited (incorporated in Hong Kong).
Today, HSBC Africa’s principal activity is business focusing on global banking and markets. Business is managed out of the regional hub in Johannesburg, complimented by relationship managers and product specialists who can tailor international products to all African-based clientele. HSBC Africa’s Commercial Banking business offers the same services to large local and international corporates.
Strategic global presence and local expertise
HSBC Africa’s global network offers the unique opportunity for business and institutions to use HSBC on both sides of the trading transaction. This offers a plethora of benefits, including reduced costs due to working with one bank and leveraging relationship pricing, mitigated risks due to due to seamless transactions around the world, and the ability to manage transactions end-to-end and make strategic decisions with the support of trade professionals in over 60 markets around the world.
As businesses increasingly operate within supply chains that span multiple countries, it’s critical to have a wider perspective of how business operates now and in the future. HSBC Africa offers its clients access to proprietary research on today’s ever-changing international business landscape. Knowledge is power, and HSBC Africa’s regular trend analyses provide useful information that can result in more insightful business and financial decisions.