HSBC Private Bank, together with the private banking business of HSBC Trinkaus & Burkhardt AG (operating as HSBC Trinkaus) known collectively as Global Private Banking, provides services to wealthy people and their families through 96 offices in some 43 countries and territories in Europe, the Americas, the Asia-Pacific region, the Middle East and Africa.
At 31 December 2008, profits before tax were US$1,447 million and combined client assets under management were US$352 billion.
[2] Property Vision's exit from HSBC was part of wider restructuring by the bank, which made 36 disposals of “non-core operating assets” in 2011–2012.
[3] In October 2016, HSBC announced the transfer of the bulk of its private banking business in Monaco to CFM Indosuez Wealth Management.
As of October 2016 HSBC's private banking business in Monaco housed US$9bn of customer assets and employed 200 people.