Hsbc Unclaimed

Asset Management

The HSBC Group established a presence in sub-Saharan Africa in 1981 and entered the South African market in 1995. 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 global banking and markets, which is managed out of the regional hub in Johannesburg. HSBC Africa’s commercial banking business offers services to large local and international corporates.