HSBC Bank International Limited, a major worldwide provider of offshore financial services for the HSBC Group, has opened its first affiliate office in Europe. Based in Malta, HSBC International Financial Advisers (Malta) Limited has been created to provide investment services to expatriates and

customers with international financial needs across the European Union.

Geoff Cook, Head of Personal Financial Services, HSBC Bank International Limited, based in Jersey, said: “With its membership of the European Union and a forward looking regulator, Malta provides an effective gateway for international financial services providers. This new office represents a significant development in our ability to service the offshore investment needs of our international customers in Malta and across Europe.

Shaun Wallis, Chief Executive of HSBC Bank Malta plc and a director of the new company, added: “HSBC already has a well established presence in Malta through HSBC Bank Malta plc and we are delighted that our global offshore business has chosen to base its European Union investment operations in Malta. This move also represents an excellent opportunity for Malta to attract new business and reinforce its growing reputation as an international finance centre.”