HSBC Trinkaus
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| HSBC Trinkaus & Burkhardt AG | |
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| Type | 78.6% subsidiary of HSBC Holdings plc |
| Founded | 1785 |
| Headquarters | Düsseldorf, Germany |
| Key people | Andreas Schmitz, Spokesman of the Management Board |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Website | www.hsbctrinkaus.de |
HSBC Trinkaus & Burkhardt AG, operating as HSBC Trinkaus, was founded in 1785 and is one of the longest-established members of the HSBC Group. HSBC Trinkaus has operations in private, commercial and investment banking and asset management.
The bank was managed by five general partners under an unusual German partnership arrangement. On 29 November 2005 the partners voted to convert the bank to AG or limited company status, and in August 2006, HSBC Trinkaus & Burkhardt completed its transition from a German limited partnership (KGaA) to a corporation limited by shares (AG). In 2007 it was renamed to HSBC Trinkaus.
[edit] German banking
In addition to its head office in Düsseldorf, it has branches in Baden-Baden, Berlin, Frankfurt, Hamburg, Munich and Stuttgart. Additional branches are located in Luxemburg and Vienna (Austria).
HSBC Trinkaus is part of the European structure within the HSBC Group and therefore reports to HSBC Bank plc. HSBC owns 78.6% of the HSBC Trinkaus shares. 20.8% are held by Landesbank Baden-Wuerttemberg (LBBW). In 2007, the pre-tax profits added up to 207,8 m EUR (+9.7%). With a rating of AA (Fitch), HSBC Trinkaus is the best rated private bank in Germany.
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