HSBC organised its first US Dollar Clearing Seminar for Financial Institutions in Dubai at the Emirates Towers Hotel. Over 70 participants from various banks within the Middle East attended the seminar which was hosted by Mr. Michael B. Gallagher, Senior Executive Vice President and Head of Global Transactional Banking NAFTA, HSBC Bank USA, N.A. and Mr Gary Boon, Regional Head of Financial Institutional Sales, Global Transactional Banking, HSBC Bank Middle East Limited, Dubai.
"HSBC Bank USA, N.A. is a major provider of US dollar services to Financial Institutions globally and I'm absolutely delighted that this is being recognized in the Middle East. More clients than ever are choosing HSBC Bank USA as its US dollar services and I believe that this momentum will continue as more banks see that our products and customer service 'add value' to their own service proposition,” stated Mr. Gallagher.
Mr Boon said “This seminar provided a tremendous opportunity for financial executives to understand the ever changing US environment, see the benefits of our product offering in the US and to meet Michael, in a very relaxed and enjoyable environment. I have already received very good feedback from the attendees and we look forward to organizing a similar event in 2007.”
1. HSBC Bank USA, National Association
HSBC Bank USA, N.A. offers its 3 million customers access to global markets and services. The Bank provides a full range of commercial banking products and services to individuals, corporations, institutions and governments, through its personal financial services, private banking, commercial banking and corporate investment banking and markets segments. The Bank is also an international dealer in derivative instruments and has mortgage banking and brokerage operations.
HSBC Holds Inaugural US Dollar Clearing Seminar For Financial Institutions in Dubai/2
2. HSBC Bank Middle East Limited
HSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 30 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon, and the Palestinian Autonomous Area, including an offshore banking unit in Bahrain. This extensive regional coverage is strengthened by another member of the HSBC Group HSBC Bank Egypt SAE, and by its associated companies, The Saudi British Bank and British Arab Commercial Bank Limited. In addition to its Middle Eastern network, the Bank has a representative office in Tehran, Iran.
3. HSBC Holdings plc
HSBC Bank Middle East Limited has been a principal member of the HSBC Group since 1959. Serving over 110 million customers worldwide, the HSBC Group has approximately 9,700 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$1,467 billion at 30 June 2005, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as ‘the world’s local bank’.
