Best Private Bank – Credit Advisory
HSBC Private Banking
We are grateful for being recognised for our best-in-class credit advisory business and for always keeping our clients at the forefront of what we do.
During 2020, the Credit Advisory team managed over 6,600 lines of credit, making it available to over 80% of Private Bank clients in a time-critical market environment to facilitate daily leveraged investment activities.
It targeted the next-generation of family-owned and founder-led businesses, including those of legacy businesses in the region. HSBC enriched its financing capability to extend term and bridge facilities on an unsecured basis for the bank’s next-generation and best clients. It provided financing against single stocks in 2020, expanding the list to range from real estate, TMT, to industrial, consumer discretionary and manufacturing. Banks typically lend against a portfolio of stocks to reduce single-stock risk.
A particularly unique financing facility by HSBC was to extend its credit capability to take eligible A-shares traded via the Stock Connect as collateral, a rare lending proposition to facilitate leveraged investments.
For keeping the client at the forefront and offering market-defining financing options during unprecedented times, HSBC wins Asian Private Banker’s Best Private Bank — Credit Advisory award for 2020.