Guernsey Press

HSBC moves private banking CI operation to Guernsey

HSBC is moving part of its Jersey-based business to Guernsey.

Published

HSBC is moving part of its Jersey-based business to Guernsey.

The bank confirmed that its private banking arm - which provides banking services to high net worth clients - would be relocating next year.

It will be giving up its HSBC Private Bank (CI) Ltd licence held in Jersey as a result.

The news comes just two weeks after an announcement it was set to shed 90 Jersey jobs as part of a national restructuring programme.

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