HSBC Bank (Cayman) Limited is a class A licensed bank regulated by the Cayman Islands Monetary Authority which carries out fund administration, captive insurance management and corporate trust. In 2007, HSBC announced plans to expand its offering in the Cayman Islands with the anticipated roll out of additional services in corporate banking and personal financial services.
In April 2008, HSBC Bank (Cayman) Limited launched its corporate banking service and in October, HSBC Group's Global Premier Banking service.
HSBC Bank (Cayman) Limited is staffed by highly trained and experienced employees who reflect the Bank's commitment to the education and training of its entire staff. Approximately 70 per cent of HSBC Cayman's employees are Caymanian, significantly above the country's average of 49 per cent.
Corporate Banking (CMB) serves the needs of the Bank's corporate clients by offering a full suite of services to both domestic companies and multinational corporations. Corporate Banking provides a wide range of banking and financial services, which includes everything from transaction banking and working capital facilities to specialised corporate risk management.
Supported by a knowledgeable staff of relationship managers and specialist teams dedicated to such sectors as captive insurance, Corporate Banking's main focus is to work in partnership with the Bank's corporate clients. Whatever the nature of the enterprise, CMB is committed to serving the needs of this key segment.
Corporate Banking also services HSBC Cayman's largest international corporate clients. Working closely with Group offices overseas, Corporate Banking meets the product and service needs of the largest and most sophisticated institutional clients by combining Cayman-based, global relationship management with worldwide access to risk capital and financial solutions
Retail Banking and Wealth Management (RBWM) serves the diverse financial services needs of HSBC Bank's Retail Banking and Wealth Management (RBWM) customers (i.e. their banking, insurance and investment needs).
With the launch of Premier Banking Service in October 2008, HSBC Cayman began the first phase of the introduction of HSBC Retail Banking and Wealth Management to the Cayman Islands.
HSBC Premier provides a comprehensive and competitive product range, individual Relationship Management and the global experience and expertise of the HSBC Group.
Customers include Cayman Islands residents (both Caymanians and foreign nationals), part-time residents, career expatriates and individuals doing business abroad or traveling frequently.
HSBC Cayman's Premier customers are warmly welcomed in its high quality Premier Centre and are provided with top quality service and tailored solutions, strongly focused on using remote communication channels (Internet, ATM's and 24/7 Call Centre Support). This unique proposition significantly distinguishes HSBC Cayman from other Banks.