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HSBC Expands Private Bank Team In Chicago

18 May 2011

New York, NY - HSBC Private Bank today announced that Gregory Dennerlein has joined as a Senior Vice President and Senior Relationship Manager. He brings over 20 years of private banking experience to HSBC. Based in Chicago, Dennerlein will be responsible for the management and expansion of relationships with wealthy private banking clients by providing diverse financial products and services including credit, investments, and brokerage and trust services.

Prior to joining HSBC, Dennerlein was a key member of the institutional sales team at Northern Trust in Chicago where he advised family offices, investment managers and hedge funds on solutions including equity hedging and liquidation strategies, and yield enhancement strategies. Previous to Northern Trust, he spent 15 years at Citigroup Private Bank, JP Morgan and Key Asset Management where he held various capital markets and portfolio management positions. Dennerlein has a BSBA in Finance from Bowling Green State University.

HSBC Private Bank also announced today that Christopher Simcox has joined HSBC Private Bank in Chicago as a Vice President and Relationship Manager. Simcox comes to HSBC Private Bank from Bernstein Global Wealth Management where he was a Financial Advisor working with affluent individuals, families, and endowments on a broad range of wealth management issues including wealth transfer, charitable giving, asset allocation, and asset location. Simcox brings over 20 years of financial services experience to the bank and holds a MBA from the J.L. Kellogg Graduate School of Management at Northwestern University and has earned the Certified Financial Planner TM designation.

"These talented individuals bring a wide range of wealth management expertise to our existing strong team of professionals based in Chicago," said Patrick Campion, CEO of HSBC's U.S. Private Bank. "Combining the skills of these high caliber executives with our extensive network of products and services will be of great benefit to the high net worth individuals we serve in this area."

HSBC Private Bank provides wealth management and advisory services to high net worth individuals and families with local and international needs through 96 locations in some 42 countries and territories around the world. Services include banking, liquidity management, investment services, custody, tailored lending, wealth planning, trust and fiduciary services, insurance, family wealth advisory and philanthropic advisory.

Note to editors

HSBC Private Bank

HSBC Private Bank is the marketing name for the private banking business conducted by the principal private banking subsidiaries of the HSBC Group worldwide. HSBC Private Bank and the private banking activities of HSBC Trinkaus as well as the HSBC Private Banking entities, known collectively as Global Private Banking, provide services to high net worth individuals and their families through 96 locations in some 43 countries and territories in Europe, the Americas, the Asia-Pacific region, the Middle East and Africa. Private Banking and Wealth Management Services in and from the United States are offered through HSBC Private Bank Americas, a division of HSBC Bank USA, N.A., and HSBC Private Bank International in Miami.

Profits before tax were US$1.1 billion for the year ending 31 December 2010 and reported total client assets under management were US$499 billion. HSBC Private Bank draws on the strength of the HSBC Group, one of the world's largest banking and financial services organisations, providing a comprehensive range of financial services more than 100 million customers.

For more information, visit http://www.hsbcprivatebank.com

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