Hinduja Bank (Switzerland)

Last updated

S.P. Hinduja Banque Privée
Company type Private
Industry Private Banking
Founded1978;46 years ago (1978)
Founder S. P. Hinduja
Headquarters Geneva, Switzerland
Key people
Products Private Banking, Wealth Management, Corporate Finance
Number of employees
200+
Subsidiaries Geneva, Zürich, Lugano, London, Dubai
Website www.sphinduja.com

Hinduja Bank Ltd. is a Swiss bank.

History

Hinduja was founded as a finance company in 1978 and became a Swiss regulated bank in 1994. It changed its name to S.P. Hinduja Banque Privée. [1] [2] Hinduja Bank [1] [2] has its headquarters in Geneva and has a developed network in Switzerland including offices in Zürich and Lugano. Additionally, it has a presence in London, Dubai, Paris, New York City, Mauritius, and Chennai.

Contents

Services

S.P. Hinduja Banque Privée has roots in India, and offering wealth management and investment advisory services to entrepreneurial clients.

The bank's divisions include Wealth Management, Corporate Finance, and Global Investment. Hinduja Bank (Switzerland) Ltd, now S.P. Hinduja Banque Privée, [1] [2] is wholly owned by S.P. Hinduja. [3]

In December 2009, it was announced that S.P. Hinduja Banque Privée [1] [2] acquired a majority stake in Chennai-based Paterson Securities Pvt. Ltd. [4]

In February 2010, it was announced S.P. Hinduja Banque Privée [1] [2] acquired Lugano-based Banca Commerciale Lugano SA. [5] [6]

In June 2020, it was announced that Karam Hinduja was appointed as S.P. Hinduja Banque Privée's CEO. [7] [1] [2]

S.P. Hinduja Banque Privée [1] [2] has a 100% owned subsidiary in Dubai with a Category 1 Banking License. This license enables it to provide a full range of banking services from the Dubai International Financial Centre (DIFC). The name of the subsidiary is Hinduja Bank Middle East Ltd (HBME). This entity is authorised and regulated by the Dubai Financial Services Authority (DFSA).

Hinduja Bank Middle East Ltd (HBME) changed its name to S.P. Hinduja Advisory Limited.

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References

  1. 1 2 3 4 5 6 7 "Karam Hinduja's mission to redefine the meaning of wealth management". FortuneIndia. Retrieved 11 October 2021.
  2. 1 2 3 4 5 6 7 "SP Hinduja Banque Privée". sphinduja. Retrieved 11 October 2021.
  3. ↑ Jonathan, Browning (23 June 2020). "Four Brothers Fight Over Letter Dividing $11.2 Billion Fortune". Bloomberg. Retrieved 6 July 2020.
  4. ↑ "Hinduja Bank takes controlling stake in Chennai based Paterson securities - Economic Times". Economictimes.indiatimes.com. 7 December 2009. Retrieved 18 August 2013.
  5. ↑ "Hinduja acquires Swiss bank". Business Standard. 17 February 2010. Retrieved 18 August 2013.
  6. ↑ "Yahoo India News - Latest India News & World News Headlines". In.news.yahoo.com. Retrieved 24 February 2015.[ dead link ]
  7. ↑ "Hinduja Scion Takes Over at Family's Swiss Bank". FinNews.com. 15 June 2020. Retrieved 6 July 2020.
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