In a statement released in the wake of Abbey National Offshore's announcement that as part of a restructuring drive it will be closing its Jersey investment and trust operations and a number of its representative offices this year, HSBC Offshore sought to reassure expat investors that it will not be following suit.
'I want to reassure our customers that HSBC Offshore will continue to offer personal banking services from specialist branches in selected countries and special investment and mortgage products for expats. What's more, we will be expanding them,' announced Sandeep Sachdeva, HSBC Offshore's head of international personal banking.
He continued:
'We have a major investment programme in place to increase banking access to overseas customers with sophisticated 24-hour internet and telephone banking services. And we are accelerating our programme to open new overseas offices in addition to our existing representation in Hong Kong, Dubai, and South Africa. We are also broadening even further our already wide range of specially tailored investment and mortgage products for the expat market.'
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