Saturday, 21st November 2009

 

8 October 2008 - Press Briefing

HSBC private banking head considers Swiss private bank acquisition

Alexandre Zeller, head of HSBC Private Bank in Switzerland, said his bank might be interested in acquiring a Swiss bank.

He was cited in the Swiss magazine Bilan as saying: “The position we are in allows us to consider all options. Bank prices have fallen quite a bit from the peaks reached in the last few years.”

When asked by the magazine about whether his bank might be interested in UBS, he said: “I cannot possibly comment on the group's intention…”

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