Hinduja Bank (Switzerland)

Hinduja Bank (Switzerland) Ltd was founded as a finance company in 1978 and became a Swiss regulated bank in 1994. Hinduja Bank has its headquarters in Geneva and has a developed network in Switzerland including offices in Zurich, Lugano, St Margrethen, and Basel. Additionally, it has a global presence in London, Dubai, Paris, New York City, Mauritius, and Chennai.

Hinduja Bank (Switzerland) Ltd
Private Company
IndustryBanking, Private Banking, Trade Finance, Corporate Advisory
Founded1978
HeadquartersGeneva, Switzerland
Key people
S.P. Hinduja (Chairman Emeritus)

Shanu Hinduja (Chairwoman)

Karam Hinduja (CEO)
ProductsWealth Management, Corporate Finance, Corporate Banking, Global Investment
Number of employees
200+
SubsidiariesZurich, Lugano, Basel, St Margrethen, Dubai, Chennai, London, Paris, New York
Websitewww.hindujabank.com

The bank's divisions include Wealth Management, Corporate Finance Services, and Global Investment. Hinduja Bank (Switzerland) Ltd is wholly owned by S.P. Hinduja.[1]

In December 2009, it was announced that Hinduja Bank acquired a majority stake in Chennai-based Patersons Securities.[2]

In February 2010, it was announced Hinduja Bank acquired Lugano-based Banca Commerciale Lugano.[3][4]

In June 2020, it was announced that Karam Hinduja was appointed as Hinduja Bank's CEO.[5]

Hinduja Bank also has a Middle Eastern subsidiary with a Category 1 Banking Licence, this new licence enables it to provide a full range of banking services from the Dubai International Financial Centre (DIFC). The name of the subsidiary is Hinduja Bank Middle East Ltd (HBME).

Hinduja Bank Middle East Ltd (HBME) is 100% owned subsidiary of Hinduja Bank (Switzerland) Ltd and is a Category 1 licensed Bank in DIFC authorised and regulated by DFSA.

References
  1. Jonathan, Browning (23 June 2020). "Four Brothers Fight Over Letter Dividing $11.2 Billion Fortune". Bloomberg. Retrieved 6 July 2020.
  2. "Hinduja Bank takes controlling stake in Chennai based Paterson securities - Economic Times". Economictimes.indiatimes.com. 2009-12-07. Retrieved 2013-08-18.
  3. "Hinduja acquires Swiss bank". Business Standard. 2010-02-17. Retrieved 2013-08-18.
  4. "Yahoo India News - Latest India News & World News Headlines". In.news.yahoo.com. Retrieved 2015-02-24.
  5. "Hinduja Scion Takes Over at Family's Swiss Bank". FinNews.com. 15 June 2020. Retrieved 6 July 2020.
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