HSBC in Bermuda

HSBC Bermuda is a leading provider of financial services in Bermuda, serving individuals, institutions and corporations locally and globally.

Head office

HSBC Bank Bermuda Limited, 37 Front Street, Hamilton HM 11, Bermuda.


Management team

Find details of our management team in Bermuda, including Chief Executive Officer Steve Banner, the Executive Management Committee and the Board of Directors.

Corporate governance

Details of the principles that govern the structure and conduct of the Board and the responsibilities of the Audit and Risk Committee can be found in the corporate governance section.

Financial information

Our Purpose is to “Open up a World of Opportunities” by:

  • Partnering with our Customers to supporting them in all aspects of their financial journey
  • Inspiring a diverse and inclusive culture which encourages the growth and well-being of Employees
  • Contributing to the social, economic and environmental sustainability of our Community
  • Connecting our economy, companies and individuals operating and investing in Bermuda to the rest of the world
  • Using good judgment and do the right thing to help Protect our customers and the communities we serve

 

Serving our customers and the community

We recognise the importance of supporting local initiatives that address social, economic, and environmental challenges, and we’re dedicated to being a catalyst for positive change.
Our support for local community initiatives is rooted in our belief that strong communities are built on collaboration, empowerment, and inclusivity. We understand that by investing in the wellbeing and prosperity of our communities, we contribute to a stronger and more sustainable future for everyone.

Through our community investment programs, we provide financial resources, expertise, and volunteer support to local organisations, charities, and non-profits that are making a meaningful impact. Whether it’s supporting small businesses, promoting financial literacy, advancing environmental sustainability, or addressing social inequalities, we are committed to partnering with organizations that share our vision for a better tomorrow.

We believe that by working together with community stakeholders, we can drive positive change and create opportunities for growth, resilience, and prosperity. Our commitment to supporting local initiatives is not just a reflection of HSBC values but a demonstration of our dedication to building stronger, more vibrant communities for generations to come.

 

Donation Application Details

Donations are defined as support given to registered charities or non profit organisations in Bermuda. These partnerships do not have commercial benefits, but are strictly for philanthropic purposes.

How to Appy

Find out more info here: Community | Outreach, Support and Partnerships - HSBC BM

Our Charitable Partnerships:

Table of contents:

 

The Women’s Resource Centre (WRC) | TRANSFORM Programme

The TRANSFORM Programme is designed to support women, by providing access to the tools needed to help them build or rebuild healthy and fulfilling lives. The programme efficiently packages the foundational services offered by the WRC into a 12-month, 3 phase, in-depth holistic intervention.

 

HSBC Staff Give Back Programme | PALS & SPCA

HSBC’s Staff Give Back Programme, now in its fifth year, is held annually. HSBC staff nominate a charity or programme which they personally feel passionate about. The nominated charities are collated and presented to staff, who then participate in a vote. The top two charities each receive a donation.

The PALS charity provides care to terminal cancer patients, primarily in their home settings to enhance their quality of life. The organization also provides emotional, physical, and social support to its patients as well as support to their respective families.

The Bermuda SPCA’s mission is to encourage and promote kindness to animals, to provide effective, lawful means for the prevention of cruelty to animals, and to promote education to the public on the care and well-being of all animals.

 

Age Concern | Client Services & Education Programme

Age Concern Bermuda is an independent, non-profit organization that engages with relevant stakeholders to ensure older adults have access to important age-related information. Age Concern has over 5,500 registered members who rely on services that inform, educate, and advocate on behalf of the older Bermuda population.

 

The Reading Clinic | ICAN Math Programme

The ICAN Math Downward Extension programme was created to address the challenges associated with learning difficulties. The programme aims to identify children with math difficulties at a younger age, and helps to develop basic concepts in numeration and provide early math intervention to narrow gaps in math skills, confidence, and engagement in year 3 and 4 students.

 

Ignite | Young Adult Entrepreneurial Internship Programme

The Ignite Programme provides a structure and community for participants to get a first-hand experience of entrepreneurship and gain relevant experiences during an 8-week internship. The objective is to expand participant’s passion for entrepreneurship and facilitate the business formation process. Through mentorships, and training with an assigned local host business, the YAEP develops the functional, managerial, and leadership skills needed to foster successful entrepreneurs.

 

Bermuda College Foundation | Building Financial Literacy Programme

The Bermuda College’s Athora Division of Professional & Career Education (APACE) in partnership with CFA Society Bermuda, is offering a Building Financial Literacy Programme to Bermuda’s vulnerable community. Workshops cover topics such as Budgeting & Savings, Income & Expenses, Retirement & Fraud, and is open to individuals from 15 to over 65.

 

Bermuda High School Charitable Trust | She Leads Pogramme

HSBC Bermuda is the primary sponsor of the Bermuda High School (BHS) She Leads Programme, which aims to connect young Bermudian girls in middle and high school across public, private and home schools. The programme provides tools to navigate real-world challenges, in an interactive environment including sessions on coping skills for stress, confidence boosting, strengthening resilience, and building leadership skills.

 

Bermuda Zoological Society | Micro Forest Project Initiative

The BZS Micro Forest Project prioritizes planting native-compatible and endemic plants to promote biodiversity and stewardship of our natural heritage. They are the least likely to suffer damage during hurricanes. Native plant species evolve to the local conditions, climate, and wildlife over many years. It’s these qualities that make them the best choice for an island-wide planting project. HSBC staff have volunteered over 500 hours, planted 330+ plants and 11 plant species in an effort to combat climate change in Bermuda.

 

Bermuda Institute of Ocean Sciences (BIOS) | Climate Classroom

The Climate Classroom programme is a series of 5 interactive workshops targeting M2 students (ages 12-13) from private and public schools. These hands-on experiences will teach students the critical role that they play in understanding and combating climate change. Each workshop will address some of the most topically relevant climate change issues for Bermuda, and encourage students to work together. The workshops will leverage information from the HSBC Climate Change and Bermuda report, and the BIOS’ research on the coral reef ecosystem.

 

Bermuda Underwater Exploration Institute (BUEI) | Youth Climate Summit

BUEI hosted their third annual Youth Climate Summit in November 2023 with HSBC as a Co-Transformational Founding Partner. YCS, is a transformative weeklong event uniting over 150 students aged 13-22 from schools across Bermuda. During this week-long summit, participants engage in activities and seminars focused on local climate mitigation in Conservation, Sustainability, and Climate Justice.

 

The Coalition for the Protection of Children | Roots for Success Programme

The Roots for Success Programme is a job-readiness training programme that employs an evidence-based, multi-media educational curriculum, and work placement program to connect education to employment.

HSBC Group history timeline


1865
 
2024

Hong Kong harbour, Chinese artist, early 1860s

Staff in Fuzhou, China, 1887

Portrait of Thomas Jackson, around 1890

Chinese railway bond certificate, 1907

Staff in military uniform, First World War

Hong Kong building, 1965

Prison camp diary of HSBC staff member Max Haymes, 1943

Hong Kong garment factory, around 1950

Persian banknote, early 20th century

UK cash machine, around 1970

HSBC office, New York, 1999

HSBC lion, London, present day

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The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later. It was the first locally owned bank to operate according to Scottish banking principles.

By 1875 HSBC was present in seven countries across Asia, Europe and North America. It financed the export of tea and silk from China, cotton and jute from India, sugar from the Philippines and rice and silk from Vietnam.

By 1900, after strong growth under Chief Manager Thomas Jackson, the bank had expanded into 16 countries and was financing trade across the world. Bullion, exchange and merchant banking were important features of the bank’s business.

In the early 20th century, HSBC widened the scope of its activities in Asia. It issued loans to national governments to finance modernisation and infrastructure projects such as railway building.

The First World War brought disruption and dislocation to many businesses. By the 1920s, however, Asia was beginning to prosper again as new industries developed and trade in commodities such as rubber and tin soared.

The 1930s brought recession and turmoil to many markets. Nonetheless, HSBC asked architects Palmer and Turner to design a new head office in Hong Kong: “Please build us the best bank in the world.” The cutting-edge art deco building opened in 1935.

The bank faced one of its most challenging times during the Second World War. Staff in Asia showed huge courage in the face of adversity. Many became prisoners of war. Only the London, Indian and US branches remained in full operation.

At the end of the war, HSBC took on a key role in the reconstruction of the Hong Kong economy. Its support helped established manufacturers as well as newcomers to Hong Kong grow their business.

By the 1970s the bank had expanded through acquisition. HSBC bought Mercantile Bank and The British Bank of the Middle East in 1959. In 1972 it formed a merchant banking arm, extending its range of services.

In the 1980s HSBC bought Marine Midland Bank in the US. In 1992, the newly created HSBC Holdings plc made a recommended offer for full ownership of the UK’s Midland Bank. Following the acquisition, HSBC moved its headquarters to London.

In 1998, the bank announced it would adopt a unified brand, using HSBC and the hexagon symbol everywhere it operated.

Our purpose – Opening up a world of opportunity – explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives, opening up a world of opportunity for our customers.

Digital accessibility: Employees matter too

15 May 2024

Customers are important, but companies must also consider their workforce when making their technology accessible, says Jared Clayton.

International education can supercharge careers

10 May 2024

Studying overseas isn’t just about getting a degree, you learn valuable skills that can help you succeed in your career, says Kaylee Qiu.

Hong Kong leads the way in trust-based philanthropy

22 April 2024

An unrestricted, no-strings attached approach to philanthropic giving is growing in popularity in Asia - and Hong Kong is at the forefront, says Dorothy Chan.

 

 

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