HSBC Makes HAIL In New Year

HSBC Private Bank has changed the name of its subsidiary HSBC Republic Investments to HSBC Alternative Investments effective immediately. The change in name reflects the bank’s focus on alternative investments.

Since the acquisition of Republic National Bank of New York in 1999, HSBC Private Bank client assets invested in alternative investments have grown to $35 billion as of the end of September, said Jamie Murray, head of institutional sales and business development, in an interview with Hedgeweek.