HSBC U.S. Private Banking Enhances Wealth Management Solutions with Addepar
31 Oktober 2022 - 1:30PM
Business Wire
Professional wealth management software
enhances portfolio performance reporting for domestic and
international clients of U.S. Private Banking.
HSBC U.S. Private Banking, part of the bank’s Wealth and
Personal Banking business, announced today that it has selected
Addepar, a leading technology platform purpose built for
investments, as its consolidated client performance reporting
platform. HSBC’s U.S. Private Banking serves domestic and
international high net worth and ultra high net worth clients, as
well as family offices, with $65 billion in assets under
management.
As one of the largest banking and financial services
organizations in the world, HSBC is committed to building the bank
of the future by implementing transformative digital solutions for
clients. Addepar’s innovative software and data platform for wealth
and investment managers is a proven leader in the space, with a
client base that includes more than 800 of the world’s top family
offices, registered investment advisors, private banks and large
financial institutions across more than 30 countries.
Addepar will provide HSBC U.S. Private Banking with critical
tools, such as comprehensive portfolio views and in-depth
analytics, which will optimize the client experience. The platform
will also improve reporting on private and alternative investments,
leverage multi-currency capabilities, and provide tailored
reporting for sophisticated needs of internationally-minded high
net worth and ultra high net worth clients, as well as family
offices.
“This new partnership with Addepar combines best-in-class
technology with advanced analytics that will help us best serve our
clients based around the world,” said Jessie Zhu, Head of
Investments and Wealth Solutions, WPB US and Americas, HSBC. “We
look forward to working with Addepar to manage, grow and preserve
clients’ wealth for generations to come.”
“Investment professionals are facing constantly shifting
environments and markets as they navigate the current financial
landscape, with a need for technology and quality data being more
acute than ever. We are thrilled to partner with the
forward-thinking team at HSBC to bring Addepar’s category-defining
platform to their U.S. Private Banking business,” said Eric
Poirier, CEO, Addepar. “The scalability, flexibility and security
of our platform unlocks the ability for us to serve the
fast-changing needs of the largest banks around the globe, and in
turn, for them to provide exemplary service to their clients. We
look forward to continuing to grow with HSBC in the years
ahead.”
For more information on Addepar, please visit:
https://www.addepar.com/
For more information on HSBC U.S. Private Bank, please visit:
https://www.privatebanking.hsbc.com/
About HSBC
HSBC USA Inc. ("HUSI") is a Maryland corporation and its
principal business is to act as a holding company for its
subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA,
N.A. and its subsidiaries, HUSI offers a full range of traditional
banking products and services to individuals, including high net
worth individuals, small businesses, corporations, institutions and
governments. HSBC USA Inc. is a wholly-owned subsidiary of HSBC
North America Holdings Inc.
HSBC Holdings plc, the parent company of HSBC, is
headquartered in London. HSBC serves customers worldwide from
offices in 63 countries and territories in its geographical
regions: Europe, Asia, North America, Latin America, and Middle
East and North Africa. With assets of $2,992bn at 30 September
2022, HSBC is one of the world’s largest banking and financial
services organisations.
About Addepar
Addepar is a software and data platform that is
purpose-built for professional wealth, investment and asset
management firms to deliver outstanding results for their clients.
More than 800 leading firms trust Addepar to unlock the power and
possibility of more informed, data-driven investing and advice.
With client presence in more than 30 countries, Addepar’s platform
aggregates portfolio, market and client data for over $4 trillion
in assets. Firms can also use Marketplace, a digital experience
offered through Acervus Securities (member FINRA), to access and
transact in a range of investment products with a focus on
alternative and private market investments. Addepar’s open platform
integrates with more than 100 software, data and services partners
to deliver a complete solution for a wide range of firms and use
cases. Addepar embraces a global flexible workforce model with
offices in Silicon Valley, New York City, Salt Lake City, Chicago,
London and Edinburgh, Scotland.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221031005105/en/
Media enquiries to:
Matt Kozar Vice President, External Communications
Matt.Kozar@us.hsbc.com
Lauren Vroom Communications Addepar
communications@addepar.com
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