The world's local bank
HSBC completes acquisition of Bank of Bermuda
18 February 2004
Further to the announcement on 16 February that the shareholders of Bank of Bermuda had approved the transaction, the amalgamation by which Bank of Bermuda became a wholly-owned subsidiary of HSBC has today become effective.
Bank of Bermuda
Founded in 1889, Bank of Bermuda is a leading provider of fund administration, trust, custody, asset management and banking services. It is a global organisation, with headquarters in Bermuda and a network spanning 16 other key financial and offshore centres, including Cayman Islands, Cook Islands, Dublin, Guernsey, Hong Kong, Isle of Man, Jersey, London, Luxembourg, New York, New Zealand, Singapore, South Africa, Tokyo and Bahrain. Bank of Bermuda has total assets of US$12.8 billion (as at 31 December 2003) and over US$130 billion in assets under administration.
Related links
Useful tools
Increase font
Decrease font