HSBC Trinkaus

German financial services company

This article is about the bank in Germany. For the global HSBC Group, see HSBC. For other individual entities of the group, see HSBC Bank.

HSBC Trinkaus & Burkhardt AG

HSBC Trinkaus head office in Düsseldorf
Company type| Subsidiary
Industry| Finance and insurance
Founded| 1785; 240 years ago (1785)
Headquarters| Düsseldorf, Germany

Key people

| Carola von Schmettow (Chief Executive Officer)
Products| Financial services

Number of employees

| 2,700
Parent| HSBC (99.3%)
Website| www.hsbc.de

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HSBC Trinkaus & Burkhardt AG, operating as HSBC Deutschland, is a German financial services company. It traces its history back to 1785 and is one of the longest-established members of the HSBC Group. HSBC in Germany has operations in private, commercial and investment banking and asset management. HSBC has announced it would transfer ownership of HSBC Trinkhaus from UK-based HSBC Bank plc to Paris-based HSBC Continental Europe then to convert it into a branch of HSBC Continental Europe by end-2023.[1]

In addition to its head office in Düsseldorf, the bank has branches in Baden-Baden, Berlin, Dortmund, Frankfurt, Hamburg, Hanover, Cologne, Mannheim, Munich, Nuremberg, Stuttgart and Vienna, Austria.

## History

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In 1785 Christian Gottfried Jäger established his trading house in Düsseldorf. Then in 1852 Christian Gottfried Trinkaus, one of the founder's nephews, took over the firm, named it after himself, and focused exclusively on banking from then on. From 1919 on, the company came under the ownership of institutional investors, especially Deutsche Bank, as the last family members exited the bank.

The next landmark occurred in 1972 when C.G. Trinkaus merged with Bankhaus Burkhardt & Co, which had been founded in Essen in 1841. Under the name of Trinkaus & Burkhardt the bank extended its operations to Luxembourg and Switzerland. Two years later, Citibank, of the US, acquired majority ownership.

In 1980, the UK-based Midland Bank acquired a majority stake in Trinkaus & Burkhardt. Five years later, Trinkaus & Burkhardt converted to a partnership limited by shares (Kommanditgesellschaft auf Aktien - KGaA) and listed on the stock exchange.

HSBC acquired Midland Bank in 1992, and with it Midland's majority stake in Trinkaus & Burkhardt. In time, HSBC transferred Trinkaus and Burkhardt's operations in Switzerland to its subsidiary there, HSBC Guyerzeller Bank. In 1999, the bank in Germany changed its name to HSBC Trinkaus & Burkhardt KGaA. Lastly, in 2006, the bank changed its legal form and became HSBC Trinkaus & Burkhardt AG. In 2010, on its 225th anniversary, HSBC in Germany increased the share capital by EUR 150 million to promote the corporate business in Germany as part of HSBC. In 2013 the Growth Initiative started with the aim to position HSBC in Germany as leading international bank for German customers.

The bank was managed by five general partners under an unusual German partnership arrangement. On November 29, 2005 the partners voted to convert the bank to AG or limited company status, and in August 2006, HSBC Trinkaus & Burkhardt completed its transition from a German limited partnership (KGaA) to a corporation limited by shares (AG).

In 2014, HSBC generated a pre-tax profit of €213.6m in Germany. With a Fitch-Rating of AA− (Stable) as part of the HSBC Group, HSBC is the best rated private bank in Germany.

In May 2020 HSBC bought out the second largest shareholder of HSBC Trinkaus & Burkhardt AG, Landesbank Baden-Wuerttemberg (LBBW), who previously owned 18.66% of the company's stock. Now owning 99.33% of the HSBC Trinkaus & Burkhardt AG, HSBC is planning on squeezing out the remaining investors.[2] HSBC Trinkaus & Burkhardt AG is a German Stock Corporation, managed by a five-member Management Board.

In June 2024, news media reported that ABN Amro was in negotiations to acquire Trinkaus & Burkhardt.[3]

## See also

[edit]

* Banks portal

* HSBC (United Kingdom)

## References

[edit]

1. ^ "Fitch Revises HSBC Trinkaus & Burkhardt GmbH's Outlook to Stable; Affirms at 'AA-'". Fitch Ratings. 11 October 2022.
2. ^ "HSBC Takes Full Control of German Unit with Landesbank Deal". Bloomberg.com. 26 May 2020. Retrieved 2020-07-28.
3. ^ Ludwig Burger and Alexander Huebner (21 June 2024), ABN Amro nears deal to buy HSBC's German private bank, Boersenzeitung says Reuters.

## External links

[edit]

* HSBC Deutschland

* v
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HSBC

Origin|

* The Hongkong and Shanghai Banking Corporation

Board of directors|

* Kathleen Casey
* Laura Cha
* Henri de Castries
* Jonathan Evans
* David Nish
* Noel Quinn
* Mark Tucker

Brands|

* HSBC Expat
* HSBC InvestDirect
* HSBC Life
* HSBC Premier
* HSBC Private Bank
* PayMe
* Proa

Principal local banks|

* Australia
* Bangladesh
* Bermuda
* Brazil
* Chile
* Mainland China
* Egypt
* Continental Europe
* Germany
* Hong Kong
* India
* Indonesia
* New Zealand
* Malaysia
* Malta
* Middle East
* México
* Monaco
* Philippines
* Poland
* Saudi Arabia
* Singapore
* South Korea
* Sri Lanka
* Japan
* Taiwan
* Thailand
* Turkey
* United Kingdom
* United States

Subsidiary banks|

* First Direct (UK)
* Hang Seng Bank (Hong Kong) (63.04%)
* M&S Bank (UK)

Minority stakes and JVs|

* Bank of Communications (19%)
* Canara HSBC Life Insurance (26%)
* HSBC Saudi Arabia (60%)
* SABB (40%)
* Techcombank (15%)

Predecessor companies|

* Bank of British Columbia
* Barclays Bank Canada
* Beneficial
* Continental Bank of Canada
* Crédit Commercial de France
* Greenwich Savings Bank
* Grupo Banistmo
* Guyerzeller
* Household
* Imperial Bank of Persia
* Lloyds Bank Canada
* Marine Midland Bank
* Midland Bank
* Republic New York
* Samuel Montagu & Co.
* Williamsburgh Savings Bank

Former local banks|

* Argentina
* Armenia
* Canada
* Costa Rica
* Georgia
* Greece
* Panama
* Russia

Former subsidiaries|

* Charterhouse Capital Partners
* HSBC Rail

Scandals|

* Libor scandal
* Swiss Leaks
* more

* Category
* Commons

Authority control databases

International|

* VIAF

National|

* United States

51°13′28″N 6°46′42″E﻿ / ﻿51.2245°N 6.7782°E﻿ / 51.2245; 6.7782
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