Bank of Bermuda

Bank of Bermuda

The Bank of Bermuda is a financial services company that provides fund administration, asset management, custody, trust, and banking services to individuals and institutions. It was founded in the year 1889 and the group grew to cross seventeen of the world's key financial and offshore centers that include Bahrain, Cayman Islands, Cook Islands, Dublin, Guernsey, Hong Kong, Isle of Man, Japan, Jersey, London, Luxembourg, New York, New Zealand, Singapore, South Africa, and Switzerland before to joining the HSBC Group's Network in February 2004. The majority of the operations of the Bank of Bermuda in these overseas locations have been merged with HSBC offices. Today, the bank is one of the leaders in the financial services industry.

The Bank of Bermuda customer groups include Commercial Banking (CMB), Corporate Institutional Banking (CIB), HSBC Investment Bermuda (ISBM), Alternative Funds Services (AFS), Global Markets, Personal Financial Services (PFS), and HSBC Private Bank.

Commercial Banking (CMB) caters to the needs of all the Bank of Bermuda's business clients through offering a full set of services to both multinational corporations and domestic companies. The services include everything from transaction banking and working capital amenities to specialized corporate risk management.

Corporate and Institutional Banking (CIB) caters to the bank's largest international corporate clients with constant investment needs. This group works closely with group offices overseas, meeting the product and service needs of the largest and most complicated institutional clients through combining Bermuda-based international relationship management with global access to risk capital and financial solutions.

HSBC Investments Bermuda (ISBM) serves as the local arm of the HSBC Group's international investment management business. This customer group continuously manages Bank of Bermuda's mutual funds and also focuses on institutional asset management. The group provides reliable risk-controlled performance whilst delivering creative solutions to the Bank's clients.

Alternative Fund Services (AFS) leads in international fund administration services for Multi Manager Fund, Absolute Return Funds, Fund of Funds, Hedge Funds, Emerging Market Funds, Private Equity, and Real Estate Funds. The highly skilled and motivated staff works proactively with emergent, institutional, and specialist managers to provide a variety of administration and custody services shaped to individual needs.

Global Markets is the bank's world-class service that offers global presence combined with local accessibility to ensure that the Bank is completely placed to offer leading service to customers whether institutional, corporate, private, or government financing, risk, or investment needs.

Personal Financial Services (PFS) supplies a wide range of products and services to the Bermuda community, which includes credit cards, internet and telephone banking, debit/ATM cards, personal and consumer loans, savings accounts, mortgages and home equity loans, transaction/payment services, and investment and financial planning services.

HSBC Private Bank this division of the Bank of Bermuda offers full wealth management service that includes banking, portfolio, investment management services and trusts and has been serving fiduciary services to private clients since 1936.

The Bank of Bermuda offers the best financial services, products and advice in Bermuda, supported by the financial strength and international reach of HSBC Group, the Bank of Bermuda is the world's local bank.

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