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Home/Bank Intelligence/Singapore/HSBC Global Private Banking
HSBC Global Private BankingHG
HSBC Singapore review

The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch

Our review of HSBC Singapore for ultra-high-net-worth families. We researched the legal entity that holds the licence and books the account, not just the brand.

Booking centreSingapore
RegulatorMAS
Legal formBranch of The Hongkong and Shanghai Banking Corporation Limited
GroupHSBC Group
Websiteprivatebanking.hsbc.com
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PPLI.com
Private Bank Rating
Rating in preparation

We are still preparing the rating for this bank. What we have on file so far is below.

About the rating

Part of HSBC. The group card is led by HSBC UK Bank plc, whose own rating is the group's headline rating. This booking centre is rated separately.

The rating

What the PPLI.com rating of HSBC Global Private Banking considers

This is our editorial assessment of HSBC Global Private Banking. We look at the areas below, which matter to a family deciding where to keep its assets, and weigh them together with what clients tell us and the service they get. Retail products, branches and apps play no part. The public sources we used are listed at the foot of the page.

Conduct and enforcement

What regulators, prosecutors and courts have concluded about this licence holder in recent years.

Protection of client assets

Whether custody assets are ring-fenced by law in the booking centre, whether deposits are protected, and whether the custody terms can be read before signing.

Service for complex families

The breadth of private banking services the bank publishes for this booking unit, including work with external managers and family offices.

Cost transparency

Whether a prospective client can see the tariff and the bank's policy on third party payments before asking.

Ownership and control

Whether the bank's owners are public, how official assessments rate the anti-money-laundering regime of any owner's home jurisdiction, and whether a politically exposed person holds a significant stake. The same test applies to every bank.

Client opinions and service

What clients of HSBC Global Private Banking and their advisers tell us in confidence, and the service the bank gives to families. We never publish names. Tell us about yours

PPLI.comPrivate Bank RatingRating in preparation

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice. Read about the rating.

The record

Regulatory and legal record

What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.

202526 August 2025

Reprimand and fine for failing to disclose investment banking relationships in research reports (2013 to 2021)

After HSBC self-reported, the SFC and HKMA found that over 4,200 research reports on Hong Kong-listed securities published from 2013 to 2021 failed to disclose, or wrongly disclosed, the bank's investment banking relationships with the covered companies, caused by data mapping weaknesses. The SFC reprimanded the bank and fined it HK$4.2 million. The regulators noted no evidence of client loss, the self-report and cooperation.

reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) HK$4.2 million

HSBC reviewed the root causes and extent of the breaches and upgraded its systems and controls.

Securities and Futures Commission (Hong Kong), joint investigation with the HKMA · Settlement without admission · Penalty HKD 4.2 million · Primary source
201614 September 2016

Reprimand and fine for breaching position limits on Hang Seng China Enterprises Index futures and options and inadequate internal controls

The SFC found that HSBC held open positions in HSCEI futures and options above the prescribed limit on 18 occasions between 26 May and 1 August 2014 and lacked adequate controls to monitor its exchange-traded positions. The SFC reprimanded the bank and fined it HK$2.5 million. The SFC noted the bank had since improved its monitoring controls and cooperated.

has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.5 million

The SFC noted HSBC had since improved its position limit monitoring controls.

Securities and Futures Commission (Hong Kong) · Settlement without admission · Penalty HKD 2.5 million · Primary source
The bank at a glance

Identity, protection and services

Legal identity

Legal nameThe Hongkong and Shanghai Banking Corporation Limited, Singapore Branch
LEI2HI3YI5320L3RW6NJ957
LicenceHSBC Bank (Singapore) Limited: Qualifying Full Bank (locally incorporated subsidiary); also Exempt Capital Markets Services Entity, Exempt Financial Adviser. The Hongkong and Shanghai Banking Corporation Limited (incorporated in Hong Kong SAR) holds a separate Full Bank licence as a Singapore branch, plus Exempt Trust Company and SGS Primary Dealer.  Source
RegulatorMAS
Legal formBranch of The Hongkong and Shanghai Banking Corporation Limited
Owner.

Ownership

Group parentHSBC Holdings plc (listed, LSE; HKEX; NYSE (ADS); Bermuda)  Source
ControlWidely held; no shareholder with 10% or more  Source (11 July 2025)
Disclosed holdings of 3% or moreBlackRock, Inc. 9.09%  Source (11 July 2025); Ping An Asset Management Co., Ltd. 7.98%  Source (7 May 2024)

Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.

Financial strength, as reported

Credit ratingsNot published
Capital ratioNot published
SizeNot published

Services published for this booking unit

Private clients
Discretionary management
Advisory mandates
Custody only (execution and safekeeping)
Lombard lending
Mortgage lending
Multi currency accounts
Trust and fiduciary services
Family office services
Wealth planning
Consolidated reporting
External asset manager desk

Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.

Access and costs

Minimum relationshipNot published
US personsNot published
Fee scheduleNot published
Third party paymentsNot published
Transfer out termsNot published

Protection of client assets

Deposit protectionFull banks in Singapore, including local banks and qualifying full banks, are members of the SDIC Deposit Insurance Scheme unless exempted by MAS: S$100,000 per depositor per member. Membership taken from the SDIC rule; the named member list is to be checked. Only eligible Singapore-dollar deposits are insured; deposits in US dollars or other currencies are not covered.
Custody lawNot published
Custody termsNot published
Your experience

Rate HSBC Global Private Banking

If you bank with HSBC Global Private Banking or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.

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Our commitment to confidentiality

Your name, email and telephone number are seen only by the PPLI.com editor. They are never published, never passed to HSBC Global Private Banking or any other bank, and never used for marketing. We may contact you once to clarify your assessment. Once verified by our editors, your assessment can lead to a disclosed adjustment of this bank's PPLI.com rating. It is never published with your name.

Sources

  1. Securities and Futures Commission (Hong Kong), joint investigation with the HKMA: hkma.gov.hk/eng/news-and-media/press-releases/2025/08/20250826-4
  2. Securities and Futures Commission (Hong Kong): apps.sfc.hk/edistributionWeb/api/news/content?lang=EN&refNo=16PR92

For HSBC Global Private Banking

Before we publish a significant negative finding, we give the bank the facts and time to comment, on the same timetable for every bank. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-SG-HSBC-SINGAPORE-7B6B31.

About this file

Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.

Important information. Editorial opinion of PPLI.com on the date shown, based on public information, client experience and editorial judgment. Not a statement of fact, a credit rating or investment, legal, tax or financial advice; verify with the bank and your own advisers before acting. No liability is accepted for reliance on this content. Bank names and logos are used for identification only. Ratings are updated every quarter. This is the Q4 2026 edition, and a rating can change between editions if something material happens. Full disclaimer
Rating signed by Noam Cohen, Editor, Bank IntelligenceReviewed 2 November 2026Methodology 2.3Reference BK-SG-HSBC-SINGAPORE-7B6B31
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