HSBC Private Bank closes Gstaad branch after opening for a year and a half

26 June 2012 | 1 minute read

HSBC continues to dispose operations around the world including its recent closure of its Gstaad office in Switzerland. HSBC had first opened the unit in mid-2010 to strengthen its presence in the Swiss market but is now closing due to strategic changes in the organisation. “[The Gstaad private banking] business has been taken over by our offices in Geneva, Zurich…

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