HSBC is one of the largest banking groups in the world today. It has been ranked fifth largest company in Forbes Global 2000 and the third largest banking company as well. HSBC head office is located in the HSBC Tower in London's Canary Wharf. The HSBC group is named after its founding member, the Hong Kong and Shanghai Banking Corporation, a bank established by, a Scot, to finance British trade in the Far East in 1865. HSBC has some 110 million customers worldwide across its 5 Customer Groups. Its subsidiaries are The Hong kong and Shanghai Banking Corporation Limited, Hang Seng Bank Limited, HSBC Bank plc, CCF S.A., Household International, Inc., HSBC Bank USA N.A., HSBC Bank Brasil S.A. " Banco Multiple, HSBC Private Banking Holdings (Suisse) S.A., and Grupo Financiero HSBC, S.A. de C.V. Its assets as of June 30, 2004 is at US$1,154 billion ( £636 billion, HK$9,001 billion) and a Pre-tax profit of US$10,251 million ( £5,628 million, HK$79,825 million) for the first six months of 2004 excluding goodwill amortization. HSBC has about 10,000 offices worldwide with 232,000 employees in 76 countries and territories. With its 110 million customers worldwide, a total of 16.5 million In this paper, the organizational structure of HSBC will be analyzed with key details in the organizational structure, environment, strategies, technology, control, power, culture and effectiveness.
Structure.
HSBC is a public limited company incorporated in England and Wales. Headquartered in London, the HSBC group operates in five regions: Europe; Hong Kong; the rest of Asia Pacific; including the Middle East and Africa; North America; and South America. The entities in which form the HSBC Group provide a comprehensive range of services to personal, commercial, corporate, institutional and investment, and private banking client. To more easily promote the Group as a whole, HSBC launched a campaign to differentiate its brand from those of its competitors by describing the unique characteristics which distinguish HSBC, summarized by the words ˜The world's local bank'.
