HSBC Private Bank has been awarded the prestigious 'Outstanding Global Private Bank' award at the Private Banker International Wealth Management Summit 2009 in Singapore. The Private Banker International Wealth Management Summit, now in its 19th year, attracts investment specialists from over 24 countries and is seen as a must-attend event for CEOs, private banking heads and other senior executives. The award was collected by Chris Meares, CEO, Global Private Banking. The other shortlisted nominees for the award were Credit Suisse and Barclays Wealth.

At the same event, HSBC Private Bank was a finalist for Outstanding Private Bank in Latin America and for outstanding services to Ultra High Net Worth clients. These awards follow HSBC Private Bank’s success in 2008 where it won awards for its business in the Middle East and for Chris Meares as Outstanding Global Private Banker. 

Commenting on the Award, Will Cain, Editor, Private Banker International said:

"The winners and losers from the financial crisis are becoming more apparent. Businesses like HSBC Private Bank, have managed to buck the trend by keeping their reputations intact and therefore maintaining the trust of their clients. HSBC Private Bank has demonstrated excellence in its business strategy and made ambitious plays in markets where substantial future wealth is expected to be generated, including China, Russia and India."

Commenting on the awards, Chris Meares, CEO Global Private Banking said:

"I am delighted to receive this award on behalf of everyone in HSBC Private Bank. It is a great testament to the strength of our brand and the talents of our people around the world. Despite difficult markets we have continued to invest particularly in emerging markets. The award is a huge credit to HSBC’s international network and ability to open doors for clients around the world."