HSBC Guyerzeller Bank
Encyclopedia
HSBC Guyerzeller Bank AG, a member of the HSBC Group, was a Swiss private bank advising individuals and families in all matters of wealth management, investment advice and trust services. Its head office was in Zurich
, and it had two branches in Geneva
, as well as representative offices in Hong Kong
and Istanbul
. It had 360 employees and about CHF
29,000 million in assets under management
. It is now subsumed under HSBC Private Bank.
, an engineer and one of the pioneers of the Swiss railways, founded Bank Guyerzeller A.G. to finance the construction of the railway line to the top of the Jungfrau
mountain.
In 1959 Zurmont Bank A G. (est. 1957), the Swiss subsidiary of the London Merchant Bank Samuel Montagu & Co., merged in Neue Guyerzeller Bank A G. (est. 1939 as a successor to Bank Guyerzeller) to form Guyerzeller Zurmont Bank AG. When HSBC acquired Midland Bank
in 1992, Guyerzeller became a member of the HSBC Group. Midland Bank had become the majority shareholder of Guyerzeller Bank when it acquired Samuel Montagu & Co.
In 1997 Guyerzeller Bank integrated in Trinkaus & Burkhardt (Schweiz) AG, which had been a subsidiary of HSBC Trinkaus. The next year, HSBC Group increased its participation in Guyerzeller to 96% and then the year after that Guyerzeller became "HSBC Guyerzeller Bank AG".
In 2002 HSBC integrated CCF (Suisse) SA and CCF-Handelsfinanz Bank into HSBC Guyerzeller after HSBC acquired Crédit Commercial de France
(CCF). Two years later, HSBC became sole owner of the bank.
In 2009, HSBC Guyerzeller merged with HSBC Private Bank (Suisse) into one legal entity, under the newly appointed CEO of HSBC Private Bank Suisse (S.A.), Alexandre Zeller, who had joined the bank from Banque Cantonale Vaudoise. HSBC Private Bank, formerly known as HSBC Republic, was established in 1988 as Republic National Bank of New York (Suisse), but traces its ancestry back to 1966. It became part of the HSBC group when HSBC acquired Republic Bank of New York
in 1999. HSBC Private Bank (Suisse) had its headquarters in Geneva, Switzerland. HSBC Private Bank (Suisse) operates as a subsidiary of HSBC Private Banking Holdings (Suisse) SA.
Zürich
Zurich is the largest city in Switzerland and the capital of the canton of Zurich. It is located in central Switzerland at the northwestern tip of Lake Zurich...
, and it had two branches in Geneva
Geneva
Geneva In the national languages of Switzerland the city is known as Genf , Ginevra and Genevra is the second-most-populous city in Switzerland and is the most populous city of Romandie, the French-speaking part of Switzerland...
, as well as representative offices in Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
and Istanbul
Istanbul
Istanbul , historically known as Byzantium and Constantinople , is the largest city of Turkey. Istanbul metropolitan province had 13.26 million people living in it as of December, 2010, which is 18% of Turkey's population and the 3rd largest metropolitan area in Europe after London and...
. It had 360 employees and about CHF
Swiss franc
The franc is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian exclave Campione d'Italia. Although not formally legal tender in the German exclave Büsingen , it is in wide daily use there...
29,000 million in assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
. It is now subsumed under HSBC Private Bank.
History
In 1894 Adolf Guyer-ZellerAdolf Guyer-Zeller
Adolf Guyer-Zeller was a Swiss entrepreneur.He was the son of an owner of spinning mill and creator of a textile export trade in Zürich. After the death of his father, he led the company...
, an engineer and one of the pioneers of the Swiss railways, founded Bank Guyerzeller A.G. to finance the construction of the railway line to the top of the Jungfrau
Jungfrau
The Jungfrau is one of the main summits in the Bernese Alps, situated between the cantons of Valais and Bern in Switzerland...
mountain.
In 1959 Zurmont Bank A G. (est. 1957), the Swiss subsidiary of the London Merchant Bank Samuel Montagu & Co., merged in Neue Guyerzeller Bank A G. (est. 1939 as a successor to Bank Guyerzeller) to form Guyerzeller Zurmont Bank AG. When HSBC acquired Midland Bank
Midland Bank
Midland Bank Plc was one of the Big Four banking groups in the United Kingdom for most of the 20th century. It is now part of HSBC. The bank was founded as the Birmingham and Midland Bank in Union Street, Birmingham, England in August 1836...
in 1992, Guyerzeller became a member of the HSBC Group. Midland Bank had become the majority shareholder of Guyerzeller Bank when it acquired Samuel Montagu & Co.
In 1997 Guyerzeller Bank integrated in Trinkaus & Burkhardt (Schweiz) AG, which had been a subsidiary of HSBC Trinkaus. The next year, HSBC Group increased its participation in Guyerzeller to 96% and then the year after that Guyerzeller became "HSBC Guyerzeller Bank AG".
In 2002 HSBC integrated CCF (Suisse) SA and CCF-Handelsfinanz Bank into HSBC Guyerzeller after HSBC acquired Crédit Commercial de France
Crédit Commercial de France
Crédit Commercial de France was a commercial bank in France, headquartered in Paris, avenue des Champs-Élysées. It became a wholly owned subsidiary of HSBC in April 2000, and was renamed HSBC France on 1 November 2005....
(CCF). Two years later, HSBC became sole owner of the bank.
In 2009, HSBC Guyerzeller merged with HSBC Private Bank (Suisse) into one legal entity, under the newly appointed CEO of HSBC Private Bank Suisse (S.A.), Alexandre Zeller, who had joined the bank from Banque Cantonale Vaudoise. HSBC Private Bank, formerly known as HSBC Republic, was established in 1988 as Republic National Bank of New York (Suisse), but traces its ancestry back to 1966. It became part of the HSBC group when HSBC acquired Republic Bank of New York
Republic New York
Republic New York Corporation was the holding company for the Republic National Bank of New York and the Safra Republic Bank. The company was controlled by billionaire Edmond Safra, who was killed in a fire in his Monte Carlo penthouse apartment by his nurse Ted Maher...
in 1999. HSBC Private Bank (Suisse) had its headquarters in Geneva, Switzerland. HSBC Private Bank (Suisse) operates as a subsidiary of HSBC Private Banking Holdings (Suisse) SA.