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Tuesday, 21 August 2012 01:20 - - {{hitsCtrl.values.hits}}
HSBC Private Bank’s Private Wealth Solutions has topped Bloomberg’s annual Family Office ranking for the second consecutive year.
The result confirms HSBC’s leading position in the Ultra High Net Worth (UHNW) market, with US$123.6 billion of total family office ‘assets under advisement’ as of December 31, 2011.
Bernard Rennell, Global Head, Private Wealth Solutions, said “We are delighted with this result. Over recent years, our total assets under administration have grown substantially. The quality of the people that we have dedicated to this area allows us to offer truly tailored and meaningful support to client families, and that’s the case whether they hold their financial assets with HSBC or elsewhere.”
An integral part of HSBC Private Bank, Private Wealth Solutions provides wealth planning and family governance solutions and support to ultra-high net worth individuals and their families.
With over 700 specialist staff in 18 locations, Private Wealth Solutions is one of the largest and most versatile fiduciaries in the world. Private Wealth Solutions’ clients have access to a comprehensive suite of services ranging from complex multi-jurisdictional wealth structures including private trusts, companies, purpose and charitable trusts, family fund structures and unit trusts, to family governance advisory, philanthropy advisory, business succession planning and family office solutions such as consolidated reporting and next generation programs.
The Family Office ranking was revealed in Bloomberg Markets Magazine on 7 August 2012.
