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Article: HSBC Private Bank Chief Doesn't Rule Out Buyouts.(Gerard Aquilina)(Interview)
- Article from:
- American Banker
- Article date:
- March 21, 2006
- Author:
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HSBC Private Bank could use acquisitions to expand in the United States, its chief said, despite recent statements by the parent's chairman that the company would avoid major expansion where it already operates.
"We have more room to grow in the U.S. market than in Asia or Europe, where we have longer legacies," said Gerard Aquilina, the chief executive of HSBC Private Bank in the Americas, in an interview March 9. "Where it makes sense, we'll go."
He spoke three days after the $1.5 trillion-asset HSBC Holdings PLC reported 2005 earnings. Its chairman, Sir John Bond, said the company would invest more in emerging markets than in established markets such ...