The IBC will be HSBC's largest branch in Malta by number of clients and will offer customised services in banking, lending, investment, and international account opening to both residents and non-resident personal clients.
British banking giant, HSBC, is considering relocating its headquarters out of the UK, and one Caribbean state is now vying for the spot
Investing primarily in global high yield corporate credit with a focus in the US, the fund will aim to generate attractive risk-adjusted returns in both up and down markets and provide investors with an absolute return of 5-7% per annum.
Philippe Couvrecelle, founder of PTH Conseil and former Chairman of the Board of Edmond de Rothschild Asset Management, and his partner, Jean Maunoury, are the architects behind this project: a global platform which will acquire minority stakes in the cap
But the bank, which caters for high net worth clients, insists any consideration over where to locate its brass plate is "not a political thing".