HSBC Trinkaus & Burkhardt AG / Key word(s): Strategic Company Decision
24.06.2013 16:30
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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HSBC TRINKAUS & BURKHARDT AG
WITHDRAWAL FROM LUXEMBOURG
HSBC Trinkaus & Burkhardt AG ('HSBC Trinkaus') announces that following a
strategic review of its operations it has decided to withdraw from its
businesses in Luxembourg and to explore options as to how best to achieve
this.
The decision affects two wholly-owned Luxembourg subsidiaries of HSBC
Trinkaus: HSBC Trinkaus & Burkhardt (International) SA, its banking
operation; and HSBC Trinkaus Investment Managers SA, its fund management
business. Affected employees were informed today by the Management Boards
and Supervisory Boards of the two Luxembourg subsidiaries.
Other Luxembourg based operations or businesses of HSBC Group companies are
unaffected by this decision, although they will be working closely with
HSBC Trinkaus to ensure suitable arrangements are made for all stakeholders
of the Businesses including clients and employees.
Further announcements will be made if or when necessary.
Media enquiries to Steffen Pörner on +49 211 910-1664 or at
steffen.poerner@hsbctrinkaus.de
Note to editors:
1. HSBC Trinkaus & Burkhardt AG
HSBC Trinkaus is a commercial bank which draws on its tradition of over 228
years as a trusted advisor to its clients. As one of the country's leading
banks, it is also part of the HSBC Group, one of the world's largest
banking and financial services organisations. The strength of the bank is
its international connectivity. This is characterised by its detailed
knowledge of the international markets, mainly the emerging markets, and
its global network. Germany is one of the HSBC Group's priority growth
markets.
With more than 2,500 employees, HSBC Trinkaus can be found in seven
locations in Germany, in addition to the head office in Düsseldorf, and has
access to the global network of HSBC. With total assets of EUR21.2bn and
EUR150.1bn in funds under management and administration, HSBC Trinkaus is
the HSBC Group's principal subsidiary in Germany and is rated 'AA-
(Stable)' by Fitch Ratings. The bank's central target groups are corporate,
institutional, and wealthy private clients. (Figures as at 31 March 2013).
HSBC Trinkaus' press releases can be found on the www.hsbctrinkaus.de
homepage under 'Press'.
2. The HSBC Group
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered
in London. The Group serves customers worldwide from around 6,600 offices
in over 80 countries and territories in Europe, the Asia-Pacific region,
North and Latin America, and the Middle East and North Africa. With assets
of US$2,681bn at 31 March 2013, the HSBC Group is one of the world's
largest banking and financial services organisations.
24.06.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: HSBC Trinkaus & Burkhardt AG
Königsallee 21-23
40212 Düsseldorf
Germany
Phone: 0211-910 - 1664
Fax: 0211-910 - 3143
E-mail: steffen.poerner@hsbctrinkaus.de
Internet: www.hsbctrinkaus.de
ISIN: DE0008115106, DE000TB2ZZZ2, DE000TB5JW01, DE000TB5M0H8,
DE000TB5MBU5, DE000TB9C3Z2, DE000TB5VDN7, DE000TB5Y2U3,
DE000TB59ZZ3, DE000TB4B8P8, DE000TB4B8Q6
WKN: 811510
Listed: Regulierter Markt in Düsseldorf, Frankfurt (General
Standard), Stuttgart; Freiverkehr in Hamburg, München
End of Announcement DGAP News-Service
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DGAP-Adhoc: HSBC Trinkaus & Burkhardt AG: WITHDRAWAL FROM LUXEMBOURG
| Source: EQS Group AG