Hinduja Bank (Switzerland)

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Hinduja Bank (Switzerland) Ltd
Private Company
Industry Banking, Private Banking, Trade Finance, Corporate Advisory
Founded 1978
Headquarters Geneva, Switzerland
Key people
S. P. Hinduja
Products Wealth Management, Corporate Finance, Corporate Banking, Global Investment Solutions
Number of employees
200+
Subsidiaries Zurich, Lugano, Basel, St Margrethen, Dubai, Chennai, London, Paris, New York
Website www.hindujabank.com

Hinduja Bank (Switzerland) Ltd was founded as a finance company in 1978 and became a Swiss regulated bank in 1994. Hinduja Bank has its headquarters in Geneva and has a developed network in Switzerland including offices in Zurich, Lugano, St Margrethen, and Basle. Additionally, it has a global presence in London, Dubai, Paris, New York City, Mauritius, and Chennai.

The bank's divisions include Wealth Management, Corporate Finance Services, and Global Investment Solutions. Hinduja Bank (Switzerland) Ltd is part of the Hinduja Group.

In December 2009, it was announced that Hinduja Bank acquired a majority stake in Chennai-based Patersons Securities.[1]

In February 2010, it was announced Hinduja Bank acquired Lugano-based Banca Commerciale Lugano.[2][3]

Hinduja Bank also has a Middle Eastern subsidiary with a Category 1 Banking Licence, this new licence enables it to provide a full range of banking services from the Dubai International Financial Centre (DIFC). The name of the subsidiary is Hinduja Bank Middle East Ltd (HBME).

Hinduja Bank Middle East Ltd (HBME) is 100% owned subsidiary of Hinduja Bank (Switzerland) Ltd and is a Category 1 licensed Bank in DIFC authorised and regulated by DFSA. As a Category 1 Bank, HBME is providing a full suite of Private Banking and Wealth Management solutions to its niche clientele and is authorised to accept deposits, provide loan facilities, trade in International Bonds and Stocks covering major markets and arrange custody of assets along with several other functions under the supervisory authority of DFSA.

References[edit]

  1. ^ "Hinduja Bank takes controlling stake in Chennai based Paterson securities - Economic Times". Economictimes.indiatimes.com. 2009-12-07. Retrieved 2013-08-18. 
  2. ^ "Hinduja acquires Swiss bank". Business Standard. 2010-02-17. Retrieved 2013-08-18. 
  3. ^ "Yahoo India News - Latest India News & World News Headlines". In.news.yahoo.com. Retrieved 2015-02-24. 

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