HSBC Guyerzeller Bank AG, a member of the

HSBC Group HSBC Holdings plc is a British multinational corporation, multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In ...

, was a

Swiss Swiss may refer to: * the adjectival form of Switzerland * Swiss people Places * Swiss, Missouri * Swiss, North Carolina *Swiss, West Virginia * Swiss, Wisconsin Other uses *Swiss-system tournament, in various games and sports *Swiss Internation ...

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 Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaki ...

, as well as representative offices in

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

and

Istanbul Istanbul ( , ; tr, İstanbul ), formerly known as Constantinople ( grc-gre, Κωνσταντινούπολις; la, Constantinopolis), is the List of largest cities and towns in Turkey, largest city in Turkey, serving as the country's economic, ...

. It had 360 employees and about CHF 29 billion in assets under management. It is now subsumed under HSBC Private Bank.

History

In 1894

Adolf Guyer-Zeller Adolf Guyer-Zeller (1 May 1839 – 3 April 1899) was a Swiss entrepreneur. Born in Bäretswil, Switzerland on 1 May 1839, Guyer-Zeller was the son of an owner of spinning mill and creator of a textile export trade in Zürich. After the death of ...

, 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 The Jungfrau ( "maiden, virgin"), at is one of the main summits of the Bernese Alps, located between the northern canton of Bern and the southern canton of Valais, halfway between Interlaken and Fiesch. Together with the Eiger and Mönch, the J ...

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 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. It ...

in 1992, Guyerzeller became a member of the

. 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 HSBC Trinkaus & Burkhardt AG, operating as HSBC Deutschland, is a German financial services company. It traces its history back to 1785 and is one of the longest-established members of the HSBC Group. HSBC in Germany has operations in private, co ...

. 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 The ''Crédit Commercial de France'' (CCF, "Commercial Credit ompanyof France") is a commercial bank in France, founded in 1894 as the ''Banque Suisse et Française'' and renamed to CCF in 1917. By the end of the 1920s, it had grown to be the six ...

(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 the

Banque cantonale vaudoise Banque Cantonale Vaudoise (BCV) is the cantonal bank of the Swiss Canton of Vaud. Headquartered in Lausanne, it is Vaud's biggest bank by balance sheet. BCV is a universal bank providing retail banking, corporate banking, wealth management, and ...

. 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.

External links

HSBC Guyerzeller Bank
HSBC acquisitions Defunct banks of Switzerland Banks established in 1894 Banks disestablished in 2009 {{Switzerland-bank-stub

History

See also

External links