The HSBC Group established a presence in sub-Saharan Africa in 1981 and entered the South African market in 1995. It expanded its regional operations because of increased demand for trading, opening a corporate and institutional bank in Johannesburg in 2003. It was initially a branch of HSBC Bank plc (incorporated in the United Kingdom), and in 2007 the Johannesburg office became a branch of The Hongkong and Shanghai Banking Corporation Limited (incorporated in Hong Kong).
Today, HSBC Africa’s principal activity is global banking and markets. The business is managed out of the regional hub in Johannesburg. HSBC Africa’s Commercial Banking business offers the same services to large local and international corporates.
For details about HSBC’s global operations, Group board members and financial results, go to our corporate website